LightSquared on Monday filed for Chapter 11 bankruptcy after its planned high-speed wireless network was derailed by regulators, Bloomberg reported. The.
NEW YORK (AP) — LightSquared Inc., which hoped to create an independent wireless broadband network in the US, has filed for bankruptcy protection. Regulators blocked its plan this winter because of concerns that its transmissions would interfere with
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
It's been a while since we looked in on LightSquared, the firm that wanted to roll out a terrestrial cell network on a part of the spectrum reserved for low-powered satellite transmissions. The FCC gave LightSquared, a firm with
LightSquared filed for bankruptcy after the company's top backer Philip Falcone and the management team refused investors' calls to step aside, Bloomberg reports. Rebekah Brooks, a former top editor for News Corp., is expected to be charged in
