With that, LightSquared's planned 4G LTE network now appears dead. It might have had a significant impact on the wireless industry if it had gone forward, as the company planned to work as a neutral wholesaler of wireless service, allowing any company which wanted to offer wireless service or to connect a gadget to wireless (the Kindle would be a good example, although Amazon.com uses AT&T) to go to LightSquared.
LightSquared made the payments to Sprint last year as part of the companies' 15-year partnership agreement. The partnership would have helped Sprint advance its plans to switch its 4G service from WiMax to LTE, but would also have shared the caused of infrastructure buildout between the pair.
The FCC said it will accept public comments on its LightSquared revocation plans until March 1.