LightSquared's Cash Reserves Drying Up
bobc74 said:
expect to build a network with no money?
Selling use
Look at all the 'deals' they have made.. but they are all dependent upon FCC approval.. so they are cash starved now
...
Things that make you go hmmmm
LightSquared is owned by the Harbinger Capital hedge fund, headed by billionaire investor Phil Falcone. He visited the White House and made large donations to the Democratic Senatorial Campaign Committee. Soon after, the Federal Communications Commission (FCC) granted LightSquared a highly unusual waiver that allows the company to build out a national 4G wireless network on the cheap
