LightSquared Files Chapter 11 "To Resolve Regulatory Issues"

Mon, 14 May 2012 13:52:18 -0700 LightSquared files for bankruptcy, saying it needs protection from creditors trying to make a quick profit.

LightSquared files for bankruptcy

Mon, 14 May 2012 15:14:18 -0700 Unable to reach a deal with its lenders, upstart wireless carrier LightSquared filed for bankruptcy Monday.

LightSquared Implements Voluntary Chapter 11 Restructuring

Mon, 14 May 2012 12:12:00 -0700 LightSquared announced today that it commenced voluntarily reorganization cases under Chapter 11 of the U.S. Bankruptcy Code to give it time to resolve regulatory issues that have prevented it from building its coast-to-coast integrated satellite 4G wireless network.

Wholesale Wireless Service Provider LightSquared Files For …

Thing have looked grim for upstart wireless service provider LightSquared ever since the FCC officially withdrew their conditional approval to build out the terrestrial part of their LTE network, and now it seems like it may all …

LightSquared officially files for Chapter 11 bankruptcy — Engadget

As expected, May 14th is indeed a dark day for LightSquared. The company has just filed paperwork in order to initiate Chapter 11 bankruptcy proceedings.

LightSquared bankruptcy — Falcone's 4G startup files for Chapter 11

LightSquared on Monday filed for Chapter 11 bankruptcy after its planned high-speed wireless network was derailed by regulators, Bloomberg reported. The.

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11 Responses to Lightsquared

    • Curator says:

      A thorough search of the latest news in that regard turns up no conclusive evidence that this is true..

  • Thurston says:

    Yet Another Obama Green Energy Company That Was Subsidized By Obama And Friends Fails. How Many Does This Make? And whats the total $$$$ so far? I have lost count.

    Solyndra, LightSquared, the list goes on and on and now this one.

    So how is this green energy thing working out for you? Its the same kind of idiot ideas liberals have been pushing since the 70s.

    • Curator says:

      Not only that, the Taxpayers are paying the failed company Solyndra’s execs BONUSES! Look it up, it’s true! The sad truth is they don’t care, they have a vision for a Socialist/Communist America and they will have it by ‘hook or by crook’.

  • Kofik0f says:

    What Is The Difference Between Clearwire TD-LTE And LightSquared LTE Technology? I noticed that LightSquared is getting a lot of problems for their LTE technology interfering with GPS technology. However, Clearwire is building a TD-LTE network, but it’s not interfering with GPS technology. So I was wondering about the difference in the two different technologies and the reason why one interferes with GPS and the other one doesn’t.

    • Curator says:

      It’s not the fact that it’s LTE that causes the problem, it’s the frequency they wanted to use.

      Lightsquared wanted to run their land based LTE network in a frequency band that is reserved for space to earth communications and sits right next to the GPS signals. Their far stronger land based signals were swamping out the very weak GPS signals.

      The reasons they wanted to do this is that they purchased the frequency band for ~$2billion. To purchase frequencies that were licensed for a nationwide land based network would have cost at least 10 times that much assuming you could find anyone willing to sell.

      Dish network also want to do something similar. But their band is a long way from GPS, about all they would jam is their own TV signals and since TV antennas are a lot more directional than GPS antennas that impact will be far lower.

  • Anonymous says:

    How Did The Uber-corrupt Chicago Machine Manage To Win The White House? The Chicago Machine has surpassed Tammany Hall as the most corrupt political machine in American history. Most members are under indictment or already in jail, yet here we are with a President who is an integral part of this corruption. We have already seen major scandals like Fast & Furious, Solyndra, LightSquared, Black Panthers, ACORN, etc.

    Did the ill-timed financial meltdown of September 2008 cause Americans to completely lose their minds?

    • Curator says:

      W was the worst president in our nations history and that fact guaranteed that whoever the democrat was, would be president.

  • Smart Guy says:

    Does Obama Personally Espouse Socialist Marxist Policies, But Not Ashamed To Exploit Corrupt Chrony Capitalism? Does Obama personally espouse socialist Marxist policies, but not ashamed to exploit corrupt chrony capitalism to enrich his campaign donors like George Soros, Goldman-Sachs, GE, fat cats running Solyndra & Lightsquared… you think his buddy Jon Corzine will go to jail? Where did a Billion dollars go?

    • Curator says:

      LIghtsquared is SCARY! They are leftists, haters of America and now have the power to bring down planes, screw up our digital , marxists are pure evil! We need to get OBAMA out of office ASAP! VOTE HIM OUT! HE IS DESTROYING AMERICA GUYS! WAKE UP!

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