Final Blow for LightSquared?
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 the regulatory process as it works with the appropriate government agencies to find solutions to the GPS interference issue," reads a statement issued to Reuters.
Final Blow for LightSquared?
Thu 16 Feb 12 from IEEE Spectrum
US regulators pull plug on LightSquared
US telecom regulators have pulled the plug on an ambitious plan to build a high-speed wireless broadband network, citing potential interference with GPS navigation devices.
Wed 15 Feb 12 from Phys.org
FCC plans to nix wireless network that may jam GPS
Federal officials are effectively killing a private company's plans to start a national high-speed wireless broadband network after concluding it would in some cases jam GPS devices.
Wed 15 Feb 12 from Phys.org
Lightsquared: what happened, what's next, and why it matters
Upstart company Lightsquared planned to use ground towers and satellites to build a wholesale 4G network that would expand mobile access to rural parts of the US. But the FCC spiked the proposal ...
Thu 23 Feb 12 from The Christian Science Monitor
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 ...
Tue 21 Feb 12 from TechCrunch
LightSquared plans to cut workforce by 45 percent
BOSTON (Reuters) - LightSquared, the ailing wireless company backed by hedge fund manager Philip Falcone, said on Tuesday that it plans to cut its workforce by 45 percent in order to save cash.
Tue 21 Feb 12 from Reuters Technology
Lightsquared Late with Inmarsat Payment
Inmarsat said today that its partner LightSquared, has failed to pay a $56.25 million instalment. Inmarsat was scheduled to receive the payment from LightSquared after the completion of the ...
Mon 20 Feb 12 from dailywireless.org
LightSquared defaults on Inmarsat payment
LONDON (Reuters) - Satellite firm Inmarsat said on Monday that its partner LightSquared, a venture struggling to build a U.S. mobile broadband service with Inmarsat's spectrum, had failed to ...
Mon 20 Feb 12 from Reuters Technology
FCC to LightSquared: No LTE for you!
Yesterday, the FCC stated its intent to revoke LightSquared's waiver that would have allowed it to deploy LTE on frequencies that were right next to GPS and other satellite services, putting ...
Thu 16 Feb 12 from Extremetech
LightSquared unable to use wireless spectrum due to interference with existing GPS devices
The Federal Communications Commission sought comments Wednesday on revoking LightSquared's permit after a federal agency that coordinates wireless signals, the National Telecommunications ...
Wed 15 Feb 12 from The Christian Science Monitor
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