LightSquared

LightSquared’s bankruptcy is Washington’s failure too

LightSquared’s bankruptcy is the conclusion of a process that is rigged against broadband competition. Maybe it would have failed for economic reasons, but before it got the chance it fell victim to politics, spectrum warfare, and interests that don’t want more wireless competition.

What does a bankrupt LightSquared have to offer? Not much.

LightSquared’s backer, Philip Falcone, explained on Thursday his rationale for a voluntary bankruptcy filing for the planned wholesale LTE network, but given the paucity of actual assets in LightSquared, and the fact that Falcone has invested billions so far into LightSquared, this is almost a no-brainer.

Sprint leaves LightSquared without a network

Sprint terminated its partnership with LightSquared, depriving the would-be operator of not only its biggest 4G customer but also the means to build an LTE network. Now LightSquared faces two huge obstacles: overcoming regulatory opposition to its plans and finding cash to fund its 4G rollout.

Clearwire: Just give us one more year on LTE

We’ll have to wait another year for the LTE network Clearwire has long been promising. At its quarterly earnings call on Wednesday, Clearwire CEO Erik Prusch said the WiMAX carrier’s first batch of 5,000 LTE cell sites will be switched by June of 2013.

FCC puts the kibosh on LightSquared’s LTE plans

After a year of LightSquared fighting GPS industry and government agencies over whether its network would interfere with GPS receivers, the Federal Communications Commission dropped the hammer Tuesday evening, saying it would revoke the would-be carrier’s terrestrial network waiver.

Sprint gives LightSquared a reprieve, but is it enough?

Sprint has given its partner LightSquared 30 days to get regulators to green-light the launch of its controversial 4G service, but it may not be enough. If Sprint pulls out of the network-sharing deal, LightSquared’s costs multiply, almost certainly killing its rollout plans.

Without FCC approval, bankruptcy looms for LightSquared

LightSquared isn’t just fighting the government and the GPS industry for the right to build its nationwide LTE network; it’s also fighting the clock. In a financial statement released to Reuters, LightSquared revealed it may run out of cash early next year.

Report

Confused about the wireless markets? Here’s a breakdown

Between the collapse of AT&T’s proposed $39 billion merger with T-Mobile and the death throes of a proposed wholesale 4G network created by a satellite company and now-broke hedge fund, the wireless industry has generated a lot of stories but no real change in the past year. Here is a look at where we are now and where mobile broadband may be going next.

LightSquared makes more concessions to save LTE plans

LightSquared is giving up more of its network ambitions in hopes of winning FCC approval to launch LTE, but if it concedes too much it may find itself with no network left to build. That would be just fine with LightSquared’s critics in the GPS industry.

LightSquared struggles to save network after leaked GPS report

LightSquared is fighting for the life of its LTE network, as a government report emerging later this week questions if there’s any way its 4G network can coexist with millions of GPS devices. If the report’s findings stand, the repercussions could be felt throughout the industry.

Sprint looks to Clearwire to firm up LTE plans

After laying out an aggressive LTE 4G deployment plan that didn’t include existing partner Clearwire, Sprint is now saying it is working with the 4G wholesaler toward a commercial agreement that will allow it to offload some of its LTE needs onto Clearwire’s future LTE network.

Two Obama scandals blend risky tech, politics and money

President Obama’s gotten hit with a one-two punch in recent weeks with two scandals that share some surprising similarities surrounding risky tech startups, politics, money and the question of how to create innovation around infrastructure, one for energy and the other for communications.

The challenges for wholesale network operators

Amid the political fighting over LightSquared and whether or not it will interfere with GPS, there’s a far larger issue: Can the nascent carrier really build a business as a wholesale carrier? History offers some perspective that maybe it can’t.

When politics and tech collide, everyone loses

The political drama around the Obama administration’s efforts to bring a competitive wireless broadband alternative to the nation are roiled in a technical and now a political debate. The drama centers around LightSquared, and whether or not the White House influenced testimony from a four-star general.

LightSquared to buy 4G from Sprint for billions

The much rumored and much talked about deal between Sprint Nextel and LightSquared has finally come to fruition, the two companies announced Thursday. LightSquared says that this deal will lower its expenses by more than $13 billion. Here is the breakdown of the deal:

LightSquared gets $265M as the FCC weighs its fate

LightSquared, the company betting it all on a wholesale 4G wireless broadband network, said Tuesday it has raised $265 million from existing and new investors. None of the investors were named, but it brings LightSquared’s total funding to $2.3 billion just in the last year.

LightSquared interferes with GPS, so now what?

LightSquared filed a reporton Thursday that shows that its planned wholesale LTE wireless network would interfere with existing GPS equipment, and suggested a three-part plan to resolve the issue. The report, filed with the FCC, could throw the operation of LightSquared’s network into some doubt.

Sprint and Clearwire Kiss and Make Up. But Where’s WiMAX?

Clearwire has resolved its wholesale agreement dispute with Sprint, signing a deal that calls for Sprint to pay Clearwire about $1 billion over the next two years. The deal removes some uncertainty for struggling Clearwire and helps forge a stronger bond with Sprint, its majority owner.

Welcome to a New Era of Spectrum Speculation

LightSquared, the company trying to create a wholesale fourth generation wireless network is thinking about an initial public offering. Is the company is planning to take investors for a ride using the current spectrum crisis as cover for a questionable business plan?

For LightSquared No Network Is No Problem

For a mobile operator without a network or handset, LightSquared has struck a lot of deals, and been associated with some big name partners. AT&T even mentioned it as a viable mobile broadband competitor in its conference call to discuss its plans to buy T-Mobile. Why?

LightSquared's Planned LTE Network May Never Shine

It’s no secret that I’m skeptical of Harbinger Capital Partners and LightSquared’s chances when it comes to building a brand-new 4G wireless network, but after speaking last week with Nokia Siemens Network, which has a $7 billion contract to build out the network, my doubts remain.