Dish Networks is ceasing its attempt to purchase LightSquared, the failed mobile broadband company. Dish Networks hoped to acquire the company for its spectrum assets, which it planned to use for its own mobile broadband service. Dish has been trying to break into the wireless business for years, and thought LightSquared’s assets could help it […]
Dish Networks is looking to win control over bankrupt LightSquared’s spectrum assets in an auction scheduled for December. A judge will set initial terms for an auction of LightSquared’s assets on Monday. Dish Chairman Charlie Ergen has been acquiring LightSquared’s debt on the side, which gives him a say in how the auction of the […]
Technologies being developed to aid in communications between cars may be affected by the Federal Communications Commission’s plan to increase Wi-Fi spectrum. Bands reserved since 1999 for car-to-car communication may become collateral damage in the FCC’s search for more wireless spectrum, and potentially puts the future of self-driving vehicles at risk. A letter from automotive […]
LightSquared, the Philip Falcone-backed mobile broadband company, is teetering on the edge of bankruptcy. The company has been negotiating with lenders in recent days to restructure its debt and avoid defaults. According to the Wall Street Journal, however, it has been unable to reach such agreements. LightSquared has until 5PM today to resolve debt issues […]
Sprint may simply drop its deal with LightSquared next week after its partner’s troubles grew too large, a leak indicated Wednesday morning. Bloomberg had heard from sources that Sprint’s extension to mid-March for the multi-billion dollar 4G deployment deal would likely be the last. Barring a last-minute reprieve, LightSquared would have to deploy its LTE […]
Sprint in tandem with its Strategy Update event Friday is now known to be outlining a switch to LTE for its 4G. Taking advantage of its Network Vision sites, which mix CDMA, EVDO 3G, and 4G in one spot, it should have LTE in 120 cities by the end of 2012. Over 260 areas, and […]
Open Range Communications will lay-off most employees and cease accepting new customers. Though the company will continue to service its existing customer base of about 20,000 subscribers, the CEO, Bill Beans, has resigned. The company will reduce its headcount by 122, leaving fewer than 50 employees to run the remainder of the company. Open Range […]
Sprint as part of its results confirmed its repeatedly rumored deal with LightSquared and gave a clue it might use LTE for 4G in the future. The terms of the 15-year deal will see LightSquared pay Sprint $9 billion over 11 years for use of its wireless spectrum and network hardware. In return, Sprint would […]
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