All Posts Tagged Tag: ‘LightSquared’

LightSquared Files For Bankruptcy

LightSquared, a wireless venture started by Philip Falcone, has filed for bankruptcy today. The would-be wireless company ran into difficulties with regulators concerning plans for a wireless network that had the potential to interfere with the existing Global Positioning System. According to a report this afternoon by Bloomberg, the company has debts and assets of over $1 billion. Negotiations between …

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Skype Co-Founder Wants Free Broadband For All Americans

Operating under the mission statement of “the Internet is a right, not a privilege,” Niklas Zennstrom, one of the co-founders of Skype, has introduced an idea of bringing free broadband services to the United States, one that would be powered LightSquared, a wholesale wireless broadband network carrier. Zennstrom is now part of FreedomPop, the group partnering with LightSquared to bring …

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