The Wall Street Journal reported Wednesday that the private equity firm Centerbridge Partners has a tentative deal to buy wireless broadband provider LightSquared out of bankruptcy in a deal worth $3.3 billion.
Satellite TV provider will officially pull out of the race for the troubled wireless service provider as early as Thursday, the Wall Street Journal reports.
Dish's future networking portfolio could grow quite quickly based on a new report that the satellite TV provider is going after the bankrupt wireless venture's spectrum.
The company now faces possible bankruptcy as its options for survival dwindle and the one agency that could save it focuses on other spectrum-related matters.
LightSquared, the beleaguered wireless operator, is not giving up on its plans to build a nationwide 4G LTE network. And it's calling on the FCC to take action.
The FCC gives LightSquared the go-ahead to test a spectrum-sharing plan with a U.S. agency as it fights to build its nationwide wireless broadband network to compete with AT&T and Verizon Wireless.
LightSquared may have had a great case for building its wireless network, but the fledgling company lacked the political tact to see it through.
The bankruptcy filing marks an end to an ambitious attempt to create an upstart provider of 4G LTE wireless services.
There's been a string of bad news recently for the wireless broadband startup after the FCC pulled its conditional waiver to build its nationwide network. The latest? Job cuts.
LightSquared was supposed to save us from the bandwidth crisis. But the $4 billion startup stalled out when the FCC withdrew approval to use the spectrum it bought. Here's what it means.