Falcone Weighing Bankruptcy for LightSquared
Philip Falcone, manager of the hedge fund that finances LightSquared, said he is considering filing for bankruptcy protection for the troubled broadband provider. LightSquared sought to use L-Band spectrum to provide a terrestrial LTE 4G mobile broadband network. The Federal Communications Commission blocked LightSquared's plans based on fears of interference with GPS systems. Since then, LightSquared has missed making several payments to Inmarsat and Sprint voided the company's planned network sharing agreement. Falcone said bankruptcy is not what he wants, and he still wants to make LightSquared work, but it may be his only option moving forward.
Dec 6, 2019
The FCC this week announced that it plans to make up to $9 billion available to carriers to deploy 5G in rural areas where building new coverage wouldn't otherwise make economic sense. The money will be be allotted from the Universal Service Fund, which aims to bring communication services to everyone, a key function of the FCC.
Jun 8, 2018
The FCC this week laid out plans to ensure that the country has enough spectrum prepared for 5G service. The agency published new rules for millimeter wave spectrum in the 24 GHz and 37 GHz bands.
Dec 12, 2018
California state legislators have suggested the state implement a tax on text messages in order to help fund the Public Purpose Program. The PPP is similar to the Mobility Fund operated by the federal government.
May 10, 2018
The FCC today said it is considering new rules for the Educational Broadband Service (EBS) spectrum in the 2.5 GHz band. The FCC says much of this spectrum is unused across the U.S., particularly in rural areas.