Oh Snap

Oh snap, FCC may kill LightSquared to save GPS services

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 nabs $265M for wholesale LTE 4G

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.