Post Thumbnail

You might want to hold off on thinking of a portmanteau for Dish and Lightsquared. The satellite TV company has officially withdrawn its $2.2 billion bid for the ailing firm's wireless spectrum, despite actively pursuing the acquisition last year. In fact, Lightsquared even filed a case against Di

10 months ago 0 Comments
January 10, 2014 at 2:13AM
Post Thumbnail

Sprint has declared that it's no longer Clearwire's majority owner in a move designed to shield the carrier should the worst happen to its troubled bedfellow. While Big Yellow is planning to supplement its own LTE network with Clearwire's TD-LTE backbone, it's looked to distance itself on the busi

2 years ago 0 Comments
Post Thumbnail

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
Post Thumbnail

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
Post Thumbnail

Sprint's Steve Elfman has said that the company's intending to activate an LTE service over its 800MHz spectrum by 2014. Big Yellow's already received 3GPP certification to turn Band 26 into super-fast mobile internet, the only remaining regulatory hurdle left to overcome is a thumbs-up from the F

2 years ago 0 Comments
Post Thumbnail

The writing's been on the wall for a few weeks and now Sprint's officially severing its partnership with LightSquared. Philip Falcone's project had a contractual deadline of March 15th to gain regulatory approval for its LTE service on the 1.6GHz spectrum, which was shot down by the FCC in Februar

2 years ago 0 Comments
Post Thumbnail

Sometimes when you start heading downhill, it can be hard to stop. Take LightSquared for instance -- not only were its LTE plans repeatedly contested and eventually shot down, but now Sprint, its long time partner, will indeed be cutting ties with the wireless start-up. According to the Wall Street

2 years ago 0 Comments
Post Thumbnail

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
Post Thumbnail

Yet another bit of bad news to add to the pile for LightSquared -- the company announced this week that it will be cutting back on its employment numbers by 45 percent. The cost cutting move comes a day after word got out that it had defaulted on a hefty $56.25 million payment. According to report

2 years ago 0 Comments
Post Thumbnail

To say it's been a bumpy road for LightSquared over recent months would be an understatement. However, developments this week could see the beleaguered company reach a critical fork in the road. On Tuesday, the National Telecommunications and Information Administration confirmed that LightSquared's

2 years ago 0 Comments