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 significant connections
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, 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 the transmissions would interfere with GPS
LightSquared, the troubled wireless communications venture backed by hedge-fund manager Philip Falcone, today filed for protection from creditors under Chapter 11 of the Federal Bankruptcy Code. The filing was made in
(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
