(Reuters) - LightSquared Inc , the startup telecommunications company bankrolled by hedge fund manager Philip Falcone, is expected to file for bankruptcy protection in the next hours, sources familiar with the matter said. Falcone has until Monday at 5
By Stephen Lawson IDG News Service - LightSquared, the startup that planned a nationwide wholesale mobile network only to be shot down by regulators because of GPS interference concerns, is declaring bankruptcy. The move came after lengthy negotiations
Hours away from defaulting on debt, LightSquared filed for bankruptcy protection. The company has said it would use the shelter of Chapter 11 to buy time in its fight to build its nationwide LTE network, but this could just be a
Thing have looked grim for upstart wireless service provider LightSquared ever since the FCC officially withdrew their conditional approval to build out the terrestrial part of their LTE network, and now it seems like it may all
LightSquared filed for bankruptcy today after its plan to deliver high-speed wireless to as many as 260 million people ran afoul of U.S. regulators, reports Bloomberg. LightSquared had until 5 p.m. ET today to work out a deal
