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 »
Carl Icahn has been quietly buying up LightSquared’s debt a rock bottom prices, which would put the activist investor in position to take over the company in the increasingly likely event… Read more »
LightSquared accused the commercial GPS industry of “rigging” government tests on the potential GPS interference problems of its LTE network and called for new rounds of tests from independent labs with… Read more »
Sprint has given its partner LightSquared 30 days to get regulators to green-light the launch of its controversial 4G service, but it may not be enough. If Sprint pulls out of… Read more »