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.
Qualcomm Settles with SEC Over China Incentives
Mar 1, 2016
Qualcomm today agreed to pay the SEC a fine of $7.5 million to settle an investigation being conducted over potential Foreign Corrupt Practices Act (FCPA) violations. The SEC alleges that Qualcomm improperly gave state representatives of China financial benefits including travel, jobs, gifts, and event tickets.
T-Mobile, US Cellular Named FCC Incentive Auction Winners
Apr 13, 2017
The FCC today marked the official end of the incentive auction for 600 MHz airwaves. The agency said 50 wireless companies bid a cumulative $19.8 billion on some 70 MHz of spectrum that was put on offer by 175 television stations.
T-Mobile to Deploy 5G On 600 MHz Spectrum Starting in 2019
May 2, 2017
T-Mobile today said it plans to use some of its recently acquired 600 MHz spectrum to support a future 5G network. The company successfully won an average of 31 MHz (ranging between 20 MHz and 50 MHz) of the 70 MHz low-band spectrum auctioned off by TV stations and the FCC earlier this year.
FCC Makes More Moves to Secure 5G Spectrum
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.
AP: Google Tracks Your Location Even When You Tell It Not To
Aug 13, 2018
Google defies the wishes of mobile device users and tracks their whereabouts even after people turn location history off, reports the Associated Press. An investigation conducted by the Associated Press found that many Google apps and services on both Android and iOS devices continued to pinpoint users despite their wishes to the contrary.
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....