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All Posts Tagged Tag: ‘philip falcone’

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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