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Calling a wireless operator a “dumb pipe” elicits the same sort of reaction from corporate executives that you’d expect if you started insulting the mother of a wide shouldered African American male who has done several years in the joint. What exactly is a “dumb pipe” anyway? Think of the company that provides you with…
Speaking at a Deutsche Bank Securities Leveraged Finance conference, LightSquared Chief Financial Office Michael Montemarano told the audience that the wireless operator has enough cash to operate until Q1 2012, but after that … nothing. He says that he can’t raise additional funds because of the situation with the FCC. Some backstory: LightSquared is a…
LightSquared’s CEO, Sanjiv Ahuja, recently penned a letter that was published in several U.S. newspapers that basically sums up all the problems the company has been facing in terms of push back from the GPS industry. Quick backstory: LightSquared is an operator run by a hedgefund. They have close to 60 MHz worth of spectrum…
LightSquared, a wireless operator setup by a hedgefund in order to compete with “the big four”, have been having a few issues getting their network off the ground. They’ve got the money, they’ve got the spectrum, but the bands they chose to use cause some serious interference with GPS signals. Testing done earlier this year…
LightSquared has a problem. The wireless operator run by a hedgefund has plans to cover the United States with 4G LTE connectivity. They own spectrum that’s dangerously close to the same bands used by GPS equipment. Earlier this summer, the results of an initial series of tests showed that GPS stopped working on any receiver…
LightSquared, the wireless operator run by a hedge fund manager who owns spectrum that’s dangerously close to that of GPS, is in a bit of pickle. Testing was done earlier this summer to see if their planned 4G LTE network would interfere with GPS signals, and the results were downright shocking. GPS reception was knocked…
Last week we reported on the monumental announcement that LightSquared is going to let Sprint build their 4G LTE network to the tune of $9 billon, along with $4.5 billion in “credits” that Sprint can use to pay LightSquared for access to said network, with the additional clause that Sprint can not use more than…
We hope you’re sitting down, because this next bit of news is not only groundbreaking, but damn right confusing. LightSquared, which right now is nothing more than a PowerPoint presentation bouncing around people’s laptops, is a wireless operator run by a hedge fund who originally planned to contract Nokia Siemens Networks to build out a…
When we first heard about LightSquared back in September 2010 it seemed a bit too good to be true. Was a hedge fund, tired of the state of the American wireless market, really going to rock the boat by building a high speed 4G LTE network that they would then resell to companies? Initial tests…
LightSquared, the wholesale operator run by a hedge fund who has yet to even turn on their 4G LTE network, has signed a 15 year deal with Sprint whereby “LightSquared and Sprint will jointly develop, deploy and operate LightSquared’s 4G LTE network” according to Harbinger Capital Partners, adding “Sprint will become a significant customer of…