US wholesale player LightSquared has filed for Chapter 11 bankruptcy protection amid efforts to resolve regulatory issues that have prevented it from launching its satellite service.
Poor old Sprint Nextel. The firm is facing a “very legitimate risk” of bankruptcy in the next four years, according to one (attention seeking?) financial analyst.
US carrier Sprint has officially broken up with troubled LTE wholesale opportunist LightSquared, ending the spectrum hosting agreement signed in June 2011. As part of the break up, Sprint has repaid $65m to LightSquared, for expected costs that have not been incurred.
LightSquared, the embattled LTE 4G US player, has hired well-known solicitor Theodore Olsen in a final bid to save its seemingly doomed terrestrial LTE network project. Olsen’s main claim to fame was helping George W. Bush claim a victory in the 2000 US election in the Bush v. Gore Supreme Court case.
US carrier Lightsquared’s fortunes are going from bad to worse, as satellite firm Inmarsat has told the London Stock Exchange that it has not received a payment of $56.25m from the company.
The US Federal Communications Commission (FCC) has said that it plans to indefinitely suspend a conditional waiver that would permit LightSquared to build a ground-based LTE network using satellite spectrum. The decision was made following a recommendation from the National Telecommunications and Information Administration (NTIA), which said that it performed a “substantial amount of testing and analysis” regarding LightSquare’s plans and the impact they would have on GPS services.
LightSquared, the aspiring US LTE carrier, has received a hammer blow to its hopes of shaking up the US market with a wholesale LTE network from a damning report released last week by the executive committee for Space-based Positioning Navigation & Timing (PNT).
Aspiring US wholesale player LightSquared, which is planning a nationwide wireless broadband offering over satellite and LTE networks, has released details of a technical solution that it says will put an end to interference between its network and GPS devices.
When US carrier LightSquared’s LTE network goes live it will represent the biggest shake-up of the US wireless operator market since the break-up of AT&T. Ahead of his speaker slot at the Broadband World Forum in September in Paris, we talk to Martin Harriman, EVP of LightSquared.
Operators are renewing their enthusiasm for location as over the top players build their own means of accessing positional information on consumers. Marketing and advertising will be key and success will be derived from expertise in context, content and customer relationship.
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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