LightSquared Files For Chapter 11
Wireless Internet provider LightSquared has filed for Chapter 11 protection. LightSquared, the ambitious 4G wireless venture recently poised to bring lightning-fast Internet to the masses, filed for Chapter 11 bankruptcy protection earlier today. Government tests found that LightSquared’s signals interfered with GPS reception, a setback LightSquared was never able to recover from. In an official […]
FCC Grudgingly Hangs Up On LightSquared Over GPS Concerns
LightSquared suffered a potentially fatal blow today after the Federal Communications Commission said it would indefinitely suspend the company’s license to turn on a combined satellite/terrestrial communications network because it would interfere with GPS systems operating on neighboring radio bands. The FCC had little choice after the National Telecommunications and Information Administration concluded there was no […]
Mobile carriers: Five predictions for 2012
The biggest news for 2011 in this sector was AT&T’s $39 billion bid to buy T-Mobile. And when the deal was announced in March, AT&T seemed confident it could make it happen. So confident in fact, that it agreed to one of the biggest break-up fees ever. But as we all now know, regulators didn’t […]
LightSquared Said to Disrupt 75% of GPS in U.S. Tests
Philip Falcone’s proposed LightSquared Inc. wireless service caused interference to 75 percent of global-positioning system receivers examined in a U.S. government test, according to a draft summary of results. The results from testing conducted Oct. 31 to Nov. 4 show that “millions of fielded GPS units are not compatible” with the planned nationwide wholesale service, […]