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LightSquared with $1.25 Billion asks U.S. for mobile licenses

2015-04-08 01:19:05| Wireless - Topix.net

Wireless venture LightSquared, emerging from bankruptcy, asked U.S. regulators to clear the way for its renewed quest to set up a mobile broadband service covering the U.S. Regulators should transfer airwaves licenses to the entity to be known as New LightSquared, a company subsidiary said in an April 6 filing posted Tuesday on the website of the Federal Communications Commission. LightSquared last month won U.S. court permission to exit bankruptcy protection, where it has been stalled since 2012 when regulators said its wireless broadband service would interfere with GPS global-positioning navigation technology.

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Category:Telecommunications

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