LightSquared blew it, and here's why LightSquared may have had a great case for building its wireless network, but the fledgling company lacked the political tact to see it through. Originally posted at News - Mobile Billionaire Falcone: no LightSquared bankruptcy (Reuters) - Hedge fund manager Philip Falcone is ruling out a bankruptcy filing for his telecom startup LightSquared Inc, one day after U.S. regulators said they planned to revoke approval for the company to build a national wireless broadband network. "It is clearly not on our table," Falcone said in an email to Reuters on Wednesday when asked if LightSquared, the biggest investment in his ... LightSquared's Options to Save Its Network Are Limited Though would-be mobile carrier LightSquared says it still wants to find a solution to interference with GPS, its options are limited, industry observers said on... LightSquared's deal with Sprint further falters After giving LightSquared a mid-March ultimatum to get FCC approval, Sprint now says it may have to return $65 million to the wireless venture. Falcone rejects a LightSquared bankruptcy but problems loom (Reuters) - Hedge fund manager Philip Falcone is ruling out a bankruptcy filing for his telecom startup LightSquared Inc even as sources familiar with the matter said the company was seeking restructuring advice. "It is clearly not on our table," Falcone said in an email on Wednesday when asked if LightSquared was considering a bankruptcy filing after communications regulators said they planned ... LightSquared Vows to Keep Seeking a GPS Solution LightSquared said Wednesday it still wants to find a solution to the GPS interference issue that has probably already doomed the fledgling carrier's plans for a... LightSquared Response to FCC Public Notice RESTON, Va., Feb. 15, 2012 /PRNewswire/ -- For more than a decade, LightSquared and its predecessor companies have worked to bring a private sector solution to a public problem – expanding wireless broadband ... Lightsquared Rejection a Blow for Wireless Broadband Lightsquared Rejection a Blow for Wireless Broadband FCC bans LightSquared over GPS interference LightSquared's plan to become a fifth major nationwide wireless carrier hit a major snag this week, after government regulators said they would continue to bar the company from launching its network. LightSquared's Broadband Rejection a Blow for Wireless Competition The federal government's rejection of LightSquared's ambitious plan to launch a nationwide wireless network is a major setback for hedge fund manager Phil Falcone, who poured billions of dollars into the project. But it also deals a blow to the prospect of more competition in the broadband space, which could have meant more choices for [...]
Key Words: lightsquared
References:
http://www.tampabay.com/news/business/fcc-halts-plans-for-lightsquareds-high-speed-wireless-network/1215661
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http://pixelhat.net/
Wednesday, February 15, 2012
FCC halts plans for LightSquared's highspeed wireless network Reston firm vows to buck denial of LightSquared’s Broadband Rejection a Blow Wireless Competition nix that may jam GPS Sprint May Have Return $65 Million LightSquared deal with further falters block rollout 4G LTE Lightsquared blew it and here's why iPhone competition hurts Clearwire's growth as loss widens Gives Falcone Few Options Salvage Value U.S. Vetoes National Network Rejects Deal Cripples Spectrum Gains Bars From Using Airwaves Be Blocked by After Interference Report bars the use airwaves broadband plan Citing Blocks Falcone's DealBook Loss Dream Caps Philip Fast Fall Grace treading lightly after debacle With F.C.C. Top Challenge Is Time
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