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 …
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 …
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 …
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 …
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 …
