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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...

2 years ago 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 ...

2 years ago 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...

2 years ago 0 Comments
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Last summer it looked like Philip Falcone's LightSquared was on the path to a democratic LTE solution: a coast-to-coast network, incorporating satellite connectivity to cover the entire country. It's an ambitious goal to be sure -- perhaps too ambitious. In a letter to the FCC, the National Telecom...

4 years ago 0 Comments