VERIZON CEO STICKS UP FOR AT&T'S ACQUISITION OF T-MOBILE

Verizon Communications chief executive Lowell McAdam has gone on record in suggesting that the company’s biggest rival, AT&T, should be allowed to complete its proposed $39 billion acquisition of T-Mobile USA. “That match had to occur,” McAdam said at an investor conference on Wednesday, warning that the government has no choice but to allow such mergers unless it can focus on getting telcos the increased spectrum they need to operate. He continued, “We need to be very thoughtful on what the impacts would be to the overall industry if this is a way to regulate the industry without actually passing regulation.” Read on for more.

“I have taken the position that the AT&T merger with T-Mobile was kind of like gravity,” McAdam told investors. “It had to occur, because you had a company with a T-Mobile that had the spectrum but didn’t have the capital to build it out. AT&T needed the spectrum, they didn’t have it in order to take care of their customers, and so that match had to occur.” The CEO continued, noting that he has told the Federal Communications Commission and other government officials that blocking AT&T’s acquisition of T-Mobile without providing a solution to the current spectrum crunch will ultimately harm American consumers.

LIGHTSQUARED SPRINT READY TO SIGN $20 BILLION DEAL

According to Bloomberg, LightSquared, the USD7 billion Long Term Evolution (LTE) open-access mobile network that will utilise satellite spectrum acquired by New York investment firm Harbinger Capital, is close to striking a USD20 billion deal with Sprint Nextel to share network construction costs.

The report, which cites two people familiar with the talks, indicates that the two operators are hoping to finalise terms on a 15 year contract which will allow LightSquared to roll out its network faster than expected. According to Bloomberg’s sources, who declined to be named, if the deal goes through, Sprint would initially receive as much as USD2 billion annually from LightSquared, to help pay for network equipment and construction costs. Subsequent payments would vary annually, based on the number of users on the LightSquared network and usage patterns. However, conflicting reports from Reuters indicate that the agreement with Sprint is more likely to cover an eight-year time-frame, rather than the 15 year period stated elsewhere.

The news comes just days after LightSquared reportedly held talks with AT&T regarding a deal to buy additional network capacity from the mobile carrier. Two people with knowledge of the discussions stressed that the initiative was still at a preliminary stage and may not result in a deal.

HOUSTON GRANDMOTHER BECOMES FIRST HOST OF WHITESPACE SPECTRUM HOTSPOT; AKA SUPER WI-FI

This ain't your grandma's WiFi -- that is, unless your grandma is 48 year-old Leticia Aguirre. The Houston woman became the host of the very first "super WiFi" hotspot, earlier this week -- the new network takes advantage of unused UHF TV channels to bring internet service to underserved communities.

In collaboration with researchers at Rice University, a Houston-based non-profit fittingly referred to as Technology for All (TFA), facilitated the setup and is in the process of deploying more whitespace hotspots across the area. The FCC approved use of whitespace for the new "super WiFi" back in September of last year.