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As expected, May 14th is indeed a dark day for LightSquared. The company has just filed paperwork in order to initiate Chapter 11 bankruptcy proceedings in Manhattan's US Bankruptcy Court, effectively killing its dream of providing a high-speed mobile wireless network to upwards of 260 million peo...

May 14th 2012 at 2:24pm 0 Comments
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Carl Icahn is no stranger in this field -- he's been caught tussling with Motorola and bidding Yahoo's board adieu in recent years -- and most recently, he's managed to get caught up in one of the bigger wireless whirlwinds this planet has ever seen. Just months after Icahn swooped in to buy some...

May 9th 2012 at 3:11am 0 Comments
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According to Bloomberg, Sprint is considering pulling the plug on its partnership with Lightsquared as early as next week. Philip Falcone's burgeoning enterprise was subject to a March 15th deadline to gain approval for a nationwide LTE network, but that was shot down by the FCC last month. The co...

March 7th 2012 at 10:31am 0 Comments