The wireless industry's biggest gamble is failing [telecom]

[Bill Horne]

(I just came across this. It's from April, but still current.)

LightSquared: The wireless industry's biggest gamble is failing

By David Goldman @CNNMoneyTech April 5, 2012: 1:34 PM ET

NEW YORK (CNNMoney) -- The end appears near for LightSquared, one of
the wireless industry's grandest and riskiest gambles.

It's odd to think of a company backed by $5 billion as a startup, but
that's what LightSquared is. It wanted to become the country's fifth
nationwide wireless carrier by going toe-to-toe with giants like
Verizon and AT&T - an ambitious vision it had a real shot at pulling
off.

Now, after a series of potentially fatal regulatory setbacks, it's
mulling bankruptcy. Philip Falcone, head of LightSquared's majority
owner Harbinger Capital Partners, told Reuters the company is
"seriously considering" the option.

http://money.cnn.com/2012/04/05/technology/lightsquared/index.htm

--
Bill Horne
(Remove QRM from my address to write to me directly)