Inmarsat said it had received an overdue $56.25 million payment from LightSquared. The agreement gives LightSquared, which is backed by Philip Falcone’s Harbinger Capital Partners, breathing space to gain regulatory clearance for the network, Inmarsat said in a statement on Friday. LightSquared’s plans were derailed when the FCC in February proposed to stop it from [...]
Two top senators have urged the FCC to move LightSquared to new spectrum in an effort to save the troubled wireless start-up. In a letter obtained by The Hill, Sens. John Kerry (D-Mass.) and Lindsey Graham (R-S.C.) said that instead of ruining troubled wireless startup Lightsquared, the FCC should allocate different wireless frequencies for LightSquared. [...]
ViaSat says it has verified the industry’s highest performance mobile satellite broadband system using ultra-small aperture antennas. The airborne satcom system featured ArcLight 2 mobile broadband terminals and a VR-12 Ka-band 12-inch tracking antenna from ViaSat. Test equipment measured 7 Mbps throughput on the air-to-ground link and 1Mbps on the ground to air link. The [...]
Yesterday Phil Falcone said that one of several options he was seriously considering recommending to the LightSquared Board is a voluntary Chapter 11 filing for LightSquared. Today, he added to that statement: “While no decision has yet been made, the rationale behind a voluntary filing would be to give us the necessary time to continue [...]
Sprint today announced it was pulling out of its agreement with Lightsquared to share facilities. Lightsquared planned to deploy and operate an LTE network utilizing the 1.6 GHz spectrum on Sprint’s infrastructure. The original agreement contained contingencies, including Sprint’s right to terminate the agreement if certain conditions were not met by LightSquared. “Sprint has been [...]
The sun unleashed a new solar flare Tuesday (March 13) from the same region that has been actively brewing for the past week. The Analysts at the Goddard Space Weather Lab says an eruption yesterday could cause problems. Although the sunspot is no longer directly facing Earth, the blast is en route to Earth, and [...]
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