Sprint (S) Ends Deal With Phil Falcone’s Lightsquared – ValueWalk Premium
Carl Icahn

Sprint (S) Ends Deal With Phil Falcone’s Lightsquared

Sprint Nextel Corporation (NYSE:S) announced today that it would end a deal with the satellite and cellular data company Lightsquared Inc.. Philip Falcone is the founder of the company. The parent of the corporation is Harbringer Capital Partners, Falcone's hedge fund. Sprint said it would return $65 million in prepayments made to the company. The . . .

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