lightsquared

  • Wholesale Wireless Service Provider LightSquared Files For Bankruptcy

    Wholesale Wireless Service Provider LightSquared Files For Bankruptcy

    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 come to an end. After the demise of their partnership with Sprint, the resignation of CEO Sanjiv Ahuja, and the laying off of nearly 45% of their employees… Read More

  • Sprint Officially Kills LightSquared Deal, Returns $65M In Prepayments

    Sprint Officially Kills LightSquared Deal, Returns $65M In Prepayments

    It only seemed like a matter of time before things got worse for LightSquared, and today the nation’s third largest wireless carrier has dealt the ailing company another significant blow. With the upstart network provider unable to land FCC approval thanks to some pesky GPS interference issues, Sprint has announced that they have chosen to officially terminate their agreement with… Read More

  • Sprint Could Kill Their Partnership With LightSquared Next Week

    Sprint Could Kill Their Partnership With LightSquared Next Week

    Aspiring wireless carrier LightSquared has seen better days — they’ve had their FCC approval for a network rollout revoked, slashed their work force by 45%, and lost their CEO in just over a month’s time. 2012 isn’t shaping up to be a banner year for the beleaguered company, but according to a report from Bloomberg, LightSquared is on the verge of losing… Read More

  • Ailing LightSquare To Cut 45% Of Work Force As Regulatory Battle Rages On

    Ailing LightSquare To Cut 45% Of Work Force As Regulatory Battle Rages On

    Things are beginning to look even dimmer for LightSquared. Just one day after satellite network operator Inmarsat announced that LightSquared had defaulted on a $56 million payment, new reports indicate that the company plans to slash its workforce by 45% in an effort to cut costs and keep fighting. “This and other cost savings measures will allow LightSquared to continue to navigate… Read More

  • Meet Niklas Zennstrom’s New, Mysterious ‘Free Broadband’ Venture: FreedomPop

    Meet Niklas Zennstrom’s New, Mysterious ‘Free Broadband’ Venture: FreedomPop

    I’d never heard of FreedomPop until earlier this morning, when the company announced a partnership with U.S. wireless broadband network operator LightSquared. FreedomPop, according to the press release and the laughably amateurish landing website, aims to offer ‘free wireless broadband, voice and mobile services for all’. Allllllright! Read More

  • Sprint’s New 4G LTE Network Will Cover 260 Markets By 2013

    Sprint’s New 4G LTE Network Will Cover 260 Markets By 2013

    Sprint has today announced its plans for a forthcoming 4G LTE network, which should cover 120 different U.S. markets by the end of next year. By 2013, the company expects that over 260 markets will benefit from LTE coverage. The “aggressive rollout” should begin on the 1900MHz spectrum, and Sprint hopes to launch on the 800MHz spectrum in the future. Sprint also hopes to build… Read More

  • LightSquared Raises $265 Million To Build High-Speed Wireless Network

    LightSquared Raises $265 Million To Build High-Speed Wireless Network

    LightSquared, a company that is developing a wholesale only, net-neutral 4G-LTE network that combines with satellite to provide nation-wide broadband wireless access, has raised $265 million in new funding. The company says that the capital was raised from both existing investors as well as new investors in the company but declined to reveal LightSquared’s new investors in the release. Read More