LightSquared has announced that it has raised an additional $265m in additional funding, bringing the company’s total investment haul for the past year to more than $2.3bn. According to LightSquared, the capital was drawn from both existing as well as new investors; beyond that, it’s not naming names. The deal comes amid a period of turbulence for LIghtSquared, which is facing opposition from the GPS establishment over interference issues.
Embattled LTE startup LightSquared’s woes appear not to have put off prospective customers, as the company announced yesterday that VoIP provider netTalk had joined Sprint, Best Buy and Leap Wireless as a wholesale customer of the telco.
Greenfield operator LightSquared’s woes look set to continue, with news that a US House of Representative’s committee has passed a bill blocking the Federal Communications Commission (FCC) from granting the would-be wholesaler a waiver it needs to move forward.
Greenfield operator LightSquared’s announcement of a solution to its GPS interference problems has been met with derision by GPS industry body, Coalition to Save Our GPS. The Coalition, which counts Garmin, TomTom, FedEx and the Air Transport Association among its members, issued a statement referring to “this latest gambit by LightSquared” as “bordering on the bizarre.”
A step in the right direction but does it go far enough?
Sharing an allowance among family members is one ...
I agree with Dan about this being a excellent read, and that QNX is not well known but sooner or ...
Excellent read with some actual facts compared to the hack journalist/bloggers on the interest. Many don't understand what QNX ...
The main issue with Telenor is that whether they made underhand payments to ge the licenses. If they did, then ...
Over The Top providers have become the staple wildcard in almost any sector set on a collision path with mobile. By and large they are very good at what they do: connecting a user with their chosen content or service by whatever means available.
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