new from Military.com : re - Lightsquared

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Re: new from Military.com : re - Lightsquared

Postby plutocrat03 » Mon Mar 19, 2012 8:56 pm

My understanding is the there was to be some tower sharing by Sprint. The $$ flow went from Sprint toward Lightsquared as I understand it.
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Re: new from Military.com : re - Lightsquared

Postby plutocrat03 » Wed Apr 04, 2012 9:29 pm

No time to breathe easy....

Hedge fund manager Philip Falcone said in an interview on Wednesday he is "seriously considering" filing a voluntary bankruptcy for LightSquared.
Bankruptcy is one of several options he is considering as he tries to find a way to salvage the company, which reported a $427 million net loss during the first nine months of 2011, and keep its creditors at bay.It would allow the company time to find a way to deal with communications interference issues that have arisen with the planned buildout of a nationwide wireless broadband network.

Does not sound like he is planning to go away.
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Re: new from Military.com : re - Lightsquared

Postby plutocrat03 » Fri Apr 20, 2012 5:24 pm

LightSquared wins 2-year life bonus

It appears that LightSquared will have an extra 2-year window to earn regulatory approval for its LTE mobile network spectrum as Inmarsat cuts them a break in the face of almost certain doom.
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