Troubled wireless-startup LightSquared filed for bankruptcy Monday, according to documents filed with the U.S. Bankruptcy Court in Manhattan.
LightSquared listed debt and assets of over $1 billion in the documents. The company filed under Chapter 11 bankruptcy, which allows it …
About the only thing troubled wireless-network startup LightSquared is buying these days is time, which is useful since the company is about to defaulting on millions in debt. To do this, founder and public face of LightSquared Philip Falcone has …
Two U.S. senators are asking federal regulators to reconsider their decision to forbid of troubled startup LightSquared from launching its high-speed wireless network.
LightSquared’s business strategy involved building out a high-speed wireless network that would generate revenue by selling network …
After months of devastating setbacks, wireless network startup LightSquared is considering filing for bankruptcy, according to founder and hedge fund manager Philip Falcone on Wednesday.
Falcone, who’s Harbinger Capital Partners is majority owner of the wireless startup, said bankruptcy could …
New details have emerged on mysterious wireless company FreedomPop’s plan to give wireless broadband to consumers at little or no cost, according to a report from AllThingsD.
FreedomPop, which has heavy involvement from Skype co-founder Niklas Zennstrom, aims to shakeup …
The country’s third largest wireless carrier, Sprint Nextel, has terminated its 15-year agreement with wholesale wireless startup LightSquared.
Back in July, LightSquared signed a $9 billion 15-year agreement with Sprint to build and host its LTE network, which is crucial …
The hits keep coming for wholesale wireless network startup LightSquared, which just lost big client Leap Wireless due to uncertainty about the future of its high-speed LTE network.
Back in February, the Federal Communications Commission (FCC) rejected LightSquared’s plans to …
Not only is wholesale wireless network startup LightSquared dealing with a lack of support from U.S. regulators and financial difficulties, but now it’s also suffering from a lack of leadership.
Today the company announced Sanjiv Ahuja (pictured) has resigned his …
In a last-ditch attempt to keep its wholesale LTE 4G network alive, Lightsquared may be considering swapping its wireless airwaves with the Department of Defense, sources tell the Wall Street Journal.
The FCC yesterday rejected Lightsquared’s application to build a …
After spending the better part of 2011 fighting regulators, the wholesale wireless company Lightsquared suffered a killer blow from the FCC today that could squash its 4G LTE network plans.
We’ve been hearing from government regulators since June that Lightsquared’s …
Wholesale wireless network startup LightSquared is in danger of running out of money by the second quarter of 2012.
The information comes from the company’s latest financial statement reviewed by Reuters. The statement indicated that LightSquared might not be able …
Mobile broadband startup LightSquared’s GPS interference troubles aren’t over yet. The company’s LTE network has been found to disrupt 75 percent of GPS devices in a government test, Bloomberg reports.
The test, conducted by the National Space-Based Positioning, Navigation, and …
Mobile broadband startup LightSquared has developed a new antenna in cooperation with PCTEL that will prevent the company’s new 4G LTE network from interfering with high precision GPS receivers, the company has announced.
Lightsquared had run into trouble earlier this …
Mobile broadband startup LightSquared is blaming the GPS industry for the interference problems between GPS enabled-services and its LTE high-speed wireless network, the company stated Thursday in a letter to the Federal Communications Commission.
Regulators are still reviewing LightSquared’s network …
The Federal Communications Commission and other regulators are prepared to stop wireless broadband startup LightSquared from operating if its network poses any risk to GPS services, the government agencies stated Tuesday during their monthly meeting, reports Reuters.
LightSquared’s business model …
Wireless carrier Sprint announced today it has struck a 15-year agreement with upcoming 4G wireless provider LightSquared, which could allow Sprint to move on from WiMax 4G to more-promsing 4G LTE technology.
The news is good for Sprint, which reported …
A cool $265 million is being banked today by LightSquared, the first wholesale-only integrated 4G-LTE wireless broadband and satellite network in the United States. Over the last 12 months LightSquared has raised more than $2.3 billion.
Today’s capital comes from …
Wholesale wireless network provider LightSquared will move the launch of its wireless network to a new block of spectrum after tests showed its current network plans interfered with GPS-enabled devices, the company announced Thursday.
LightSquared filed a proposal with the …
Wholesale mobile broadband provider LightSquared issued a new plan today outlining a solution for the GPS interference problems caused by the company’s 4G LTE wireless network.
LightSquared says the solution will “protect the public’s stake in GPS” and won’t delay …
Troubled wholesale mobile broadband provider LightSquared has confirmed today that the company has entered a 15-year deal with Sprint to provide high-speed wireless service for the carrier’s 4G LTE network, reports Bloomberg.
The news comes on the heals of an …
