Lights Dimming On Light Squared

Around this time last year, nobody seemed to be able to stop Light Squared. The Reston VA based satellite company was going to roll out a 4G/LTE network come hell or high water. Well it looks like both have swooped down on Lightsquared in the last two weeks. LightSquared had signed a multi billion dollar

GPS To LightSquared: Wherever Possible, Make A Legal U-Turn

Lightsquared as a satellite company based in the Washington DC suburbs of Reston VA. Lightsquared was founded in 1988 by Philip Falcone and Sanjiv Ahuja and is responsible for launching satellites MSAT-1 and MSAT-2 in the mid 90’s. In 2009 it was announced that Lightsquared was going to start offering wholesale 4G/LTE services and widely

Sprint Extends Deadline For Lightsquared Deal

Last week Sprint released a progress report on it’s Network Vision which is a collective plan for all of Sprint’s network enhancements including 4G/LTE. Sprint said in that report that they were on track to start lighting up a 4G/LTE network in 2013. Now that we are just one year away from that goal, many

Uh Oh Sprint: FCC Demands More LightSquared GPS Testing

A few months back Sprint and Lightsquared announced a $9 billion dollar network hosting deal where Sprint would use Lightsquared’s LTE network to deliver 4G/LTE to their customers, in the same manner in which they use Clearwire’s WiMax service for their current 4G. One of the caveats in the deal was that LightSquared needed to

Clearwire to receive a “substantial” investment from Sprint

Last week we covered Merrill Lynch’s downgrade of Clearwire (NASDAQ: CLWR) in response to the lack of funding in the foreseeable future.  Michael Funk went so far as to suggest his target price for Clearwire was $.50 a share. Debt financing: “Clearwire can’t fill the funding gap with debt, in our view, as secured debt