Billionaire and would-be 4G entrepreneur Philip Falcone has accepted an SEC settlement requiring him sit out the hedge fund industry for five years. In exchange he gets to keep control of… Read more »
Hours away from defaulting on debt, LightSquared filed for bankruptcy protection. The company has said it would use the shelter of Chapter 11 to buy time in its fight to build… Read more »
LightSquared is preparing for a potential bankruptcy filing on Monday as it has made little progress in its negotiations with debtholders. If LightSquared does enter into bankruptcy it might find Dish… Read more »
LightSquared’s lenders view the company’s CEO and principle financial backer Philip Falcone as the biggest threat to whatever remains of LightSquared’s chances to get its nationwide LTE network. To remove that… Read more »
LightSquared isn’t just fighting the government and the GPS industry for the right to build its nationwide LTE network; it’s also fighting the clock. In a financial statement released to Reuters,… Read more »
Between the collapse of AT&T’s proposed $39 billion merger with T-Mobile and the death throes of a proposed wholesale 4G network created by a satellite company and now-broke hedge fund, the… Read more »
LightSquared is giving up more of its network ambitions in hopes of winning FCC approval to launch LTE, but if it concedes too much it may find itself with no network… Read more »
President Obama’s gotten hit with a one-two punch in recent weeks with two scandals that share some surprising similarities surrounding risky tech startups, politics, money and the question of how to… Read more »
LightSquared, the upstart wireless broadband company, has raised $265 million in addition to the nearly $3 billion that hedge fund titan Phi… Read more »
For a mobile operator without a network or handset, LightSquared has struck a lot of deals, and been associated with some big name partners. AT&T even mentioned it as a viable… Read more »