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Dish said to abandon $2.2B takeover bid for LightSquared

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.

By January 8, 2014


Private equity firm to buy LightSquared

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.

By December 11, 2013


Dish said to bid $2B for Lightsquared spectrum

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.

By May 20, 2013


Finally, some good news for LightSquared and its 4G hopes

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.

By May 3, 2013


LightSquared's Falcone to step aside from role at company

The move is designed to keep the foundering wireless broadband effort from defaulting on debt, people familiar with the matter tell The Wall Street Journal.

By April 29, 2012


LightSquared's deal with Sprint further falters

After giving LightSquared a mid-March ultimatum to get FCC approval, Sprint now says it may have to return $65 million to the wireless venture.

By February 15, 2012


LightSquared tries to keep its 4G LTE dream alive

The startup that won't give up recently filed a new proposal to the FCC to revive its plan for building a nationwide 4G LTE network to compete with AT&T and Verizon Wireless.

By October 2, 2012


LightSquared's GPS fix could cost industry $400M

The initial story inaccurately attributed the $400 million cost to LightSquared. The figure was based off a calculation of the number of GPS precision devices in the U.S. times the highest possible cost of a filter, both supplied by the company.

By October 13, 2011


LightSquared's GPS fix could cost industry $400M

The company said the GPS industry is responsible for paying for the upgrades, which would eliminate the risk of interference from its planned wireless network.

By October 12, 2011


LightSquared reportedly reaches agreement on bankruptcy loan

Hedge funds want severe restrictions on the wireless satellite company's proposed use of $190 million.

By June 12, 2012