Sprint Elects to Terminate Spectrum Hosting Agreement with LightSquared - SentinelOne (NYSE:S)

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Sprint (NYSE: S) today issued the following statement regarding the spectrumhosting agreement it signed with LightSquared in June 2011. Per the agreement,Sprint agreed to deploy and operate an LTE network capable of utilizing the1.6 GHz spectrum licensed to or available to LightSquared. The agreementcontained contingencies related to possible interference issues withLightSquared's spectrum, including Sprint's right to terminate the agreementif certain conditions were not met by LightSquared.

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