LightSquared Prepping for Bankruptcy
Beleaguered LightSquared, the Philip Falcone-backed mobile broadband company, is teetering on the edge of bankruptcy. The company has been negotiating with lenders in recent days to restructure its debt and avoid defaults. According to the Wall Street Journal, however, it has been unable to reach such agreements. LightSquared has until 5PM today to resolve debt issues with its lenders. If it cannot, it will likely seek bankruptcy protection. LightSquared hoped to build a nationwide LTE mobile broadband network, but the Federal Communications Commission blocked the plan, citing interference issues with nearby GPS signals.
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This Is So Wrong On So Many Levels
Out of left field, claims (true or not) stated that their operation as going to interfere with GPS systems and as I consumer I was concerned as were many of us regarding this matter,
Now just MAYBE I have this oversimplified but should LightSquared be offered some sort of compensation, concession, refund or something for this purchase instead of being given the bums rush,
I am not totally dogmatic on this, yes I am a PROUD Sprint Fan Boi to the core, but this has nothing to do with my question.
I just want to see some fairness here,If my facts are out of ...
The spectrum was never intended for terrestrial broadcast use.
LS asked the FCC to grant an exception to t...
Is LightSquared arrogant?
He hit it big because of the housing bubble burst, made tons of money on a flyer and hasn't done anything since.
This was another flyer and it was a total loser.
He's also being investigated on several levels.
So I heard..