LightSquared expects US3.5B more funding; cuts NSN deal
US wholesale LTE operator prospect LightSquared claims it will receive between US$3 billion and US$3.5 billion in additional funding over the next two and a half years. In an interview with Fierce...
View ArticleClearwire confirms LTE rollout plans, as losses grow
US wholesale operator Clearwire confirmed that it intends deploying LTE technology alongside its existing WiMAX deployments, but noted that this rollout will be “subject to additional funding.” In a...
View ArticleLightSquared fights increasing opposition to network launch
US wholesale LTE prospect LightSquared has received further setbacks to its goal of building a national mobile data network on airwaves previously used by satellite phones. Federal officials –...
View ArticleReport: LightSquared facing liquidity crisis
LightSquared, the proposed US 4G wholesale network, could run out of money by the second quarter of next year unless it is able to raise fresh capital, according to financial documents seen by Reuters....
View ArticleSprint extends deadline for LightSquared
US operator Sprint Nextel has extended its deadline for wholesale LTE operator prospect LightSquared to obtain clearance from the Federal Communications Commission (FCC) to operate its network,...
View ArticleSprint details first LTE markets, as AT&T 4G rollout continues
US operator Sprint has announced the first regions which will be covered by its planned LTE rollout, promising coverage in the “first half of 2012.”The initial deployment will cover Atlanta, Dallas,...
View ArticleGPS interference concerns continue to hinder LightSquared
LightSquared, the proposed US LTE wholesale network, has received a setback with a government advisory board concluding that its proposed network would significantly interfere with GPS devices, reports...
View ArticleLightSquared questions GPS interference tests
LightSquared, the proposed US LTE wholesale network, has again questioned the validity of test results carried out on behalf of a government advisory board that concluded its network would...
View ArticleReport: Icahn buys US300M of LightSquared debt
Activist invest Carl Icahn has purchased debt of the proposed US LTE wholesale network LightSquared, reports Bloomberg. Sources say Icahn and two other investors have purchased US$300 million in debt...
View ArticleSprint gives LightSquared more time to secure approval
US operator Sprint Nextel has again extended the deadline for the proposed US wholesale LTE operator LightSquared to secure regulatory approval, reports Dow Jones Newswires.Clearance by the Federal...
View ArticleLightSquared calls for US GPS receiver standards
Proposed US wholesale LTE operator LightSquared has requested the Federal Communications Commission to develop receiver reliability standards for unlicensed GPS devices, to ensure their performance...
View ArticleLightSquared to be blocked by FCC
Proposed US wholesale LTE network LightSquared will be blocked by the Federal Communications Commission (FCC) following recommendations from the National Telecommunications and Information...
View ArticleLightSquared to cut 45 percent of workforce
Proposed US wholesale LTE network LightSquared is to let 45 percent of its workforce go as it continues to battle for regulatory approval, reports Reuters. The company currently has 330 employees, but...
View ArticleReport: LightSquared mulling former Nextel boss for new CEO
Proposed US wholesale LTE network LightSquared is looking into the possibility of hiring former CEO of Nextel, Timothy Donahue, as its new CEO, according to Reuters sources. Sanjiv Ahuja resigned as...
View ArticleReport: Sprint poised to walk away from LightSquared
US operator Sprint could pull the plug on its deal with LightSquared as early as next week, according to sources at Bloomberg.Sources say that Sprint will not extend a 15 March deadline for the...
View ArticleSprint walks away from LightSquared deal
US operator Sprint has ended its spectrum hosting agreement with proposed LTE wholesale network LightSquared. The 11-year agreement would have seen Sprint deploy and operate an LTE network using...
View ArticleLightSquared: FCC verdict is legally unprecedented
Proposed LTE wholesale network LightSquared has said the Federal Communications Commission (FCC) decision to withdraw its support of the proposed network is “legally unprecedented” and inconsistent...
View ArticleLightSquared receives US senator backing
Two US senators have urged the Federal Communications Commission (FCC) to allow proposed wholesale LTE network LightSquared to move to a new section of spectrum to overcome GPS interference issues,...
View ArticleLightSquared settles Inmarsat debt
Proposed US wholesale LTE network LightSquared has renegotiated its spectrum transfer agreement with UK-based mobile satellite company Inmarsat to give it extra time to win regulatory approval to...
View ArticleLightSquared creditors unite on bankruptcy talks
A number of LightSquared debt holders have banded together to negotiate with the wholesale operator’s hedge fund owner, Phillip Falcone’s Harbinger Capital Partners, in crunch bankruptcy talks, reports...
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