Carl Icahn Buys $300 Million of LightSquared Debt
Carl Icahn has scooped up a large portion of LightSquared debt, totaling $300 million worth of the company's $1.6 billion in loans. The move is a strategic one that could give Icahn a say in the company's future, should its bid to run a Long Term Evolution 4G network on the L-band satellite spectrum fails. LightSquared is being funded by Philip Falcone's Harbinger Capital, which is currently under SEC investigation. LightSquared has the cash to operate for a few more quarters while it continues to petition the Federal Communications Commission for permission to run its network. Some believe LightSquared will run out of cash before it garners FCC approval. Icahn has a long history of activist investing, notably with Motorola.
Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.
Jan 5, 2023
Qualcomm has revealed Snapdragon Satellite , the company's solution for connecting Android phones directly to satellites for truly global coverage. The feature uses the Iridium network, a satellite constellation that has has been in operation for 25 years.
Feb 5, 2021
A new company called Metalenz has developed a unique flat lens technology that is well on its way to revolutionizing the infrared 3D depth cameras used in many phones. The flat lens technology is much smaller than the traditional lens systems, and offers better performance.
Jan 15, 2021
The FCC today announced that its Auction 107 for C-Band spectrum has concluded its first phase, with final bids totaling $80.9 billion, shattering the record for any FCC auction. The auction made available licenses for 280 megahertz of spectrum in the 3.7 – 3.98 GHz band in the US.
He does nothing with stuff!
He will do the same with Lightsquared.
The Cosmopolitan is doing plenty fine, and so could the Fontainblaue if it was ...
He will hold about 18% (if I figured right) of LS debt which will probably put him near the first of the line when it goes under.
But, he doesn't do these things without a plan....