Bloomberg BusinessWeek reports that 4G/satellite wireless wholesaler LightSquared is cozying up with Sprint (NYSE: S) in an effort to more quickly build out a nationwide network. According to the reports, LightSquared is about using Sprint's cell sites and equipment.
The deal could prove interesting for Sprint's majority-owned 4G network provider Clearwire (Nasdaq: CLWR), if for no other reason than another national 4G wholesaler could steal away cable operators such as Clearwire partners Comcast (Nasdaq: CMCSA), Time Warner Cable (NYSE: TWC-WI) and Bright House Networks who have been unwilling to pour more funds into the venture.
Of course as with any tangled wireless Web, there's something to gum up all the speculation. The FCC is reportedly investigating claims that LightSquared's signals "overpower and jam GPS signals within several miles." This means more than just drivers getting lost on the highway--although that's pretty bad. Air traffic control towers and ship navigation also rely on GPS.
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