& cplSiteName &

Lights! Satellite! Action! LightSquared Is Back

Dan Jones
12/16/2015
50%
50%

What's that in the sky? Is it a bird? Is it a plane? Nope, it's a reconstituted LightSquared!

Yes folks, it's a Christmas miracle, of sorts. The beleaguered would-be 4G-from-space service provider LightSquared has risen again after three-and-a-half years in Chapter 11, with new backers on board.

CEO Doug Smith, who was appointed in 2012, proclaims that it is a "new day" for the company, which he says has "significant capital funding and highly valuable telecommunications assets."

Certainly the would-be operator's list of new backers is impressive, as it includes Centerbridge Partners, Fortress Credit Opportunities Advisors and JPMorgan Chase & Co. New on LightSquared's board are former Federal Communications Commission (FCC) head Reed Hundt and former Verizon Communications Inc. (NYSE: VZ) CEO Ivan Seidenberg.


For more on mobile, visit the dedicated section here on Light Reading.


So what is LightSquared, and why should you give a flying festive fig? The company, founded by Harbinger Capital Partners LP 's Philip Falcone in 2010, received over $2.3 billion debt and equity funding, to put up a terrestrial 4G LTE network in the US with coverage gaps and hard-to-wire places getting filled in by LightSquared's satellite service.

There was just one little problem: The L-Band spectrum (1-2GHz) that LightSquared planned to use for its LTE network was found to interfere with GPS receivers by the US National Institute of Standards and Technology (NIST) . The FCC shut down plans for the LTE network in February 2012 and everything went south from there.

CEO Smith hasn't laid out exactly what the company plans to do next. But the company has now settled its long-term lawsuit with GPS maker Trimble (Nasdaq: TRMB), The Wall Street Journal reports.

That doesn't mean, however, that all is quite smooth sailing yet. "We are committed to achieving compromise and working with the GPS community -- including the provision of increased protections for the industry -- to ensure GPS and wireless broadband can co-exist," Smith notes in the company's revival blog.

So there is still work to be done before LightSquared is to get back on the wireless broadband bandwagon.

Related posts:

— Dan Jones, Mobile Editor, Light Reading

(2)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
DanJones
50%
50%
DanJones,
User Rank: Blogger
12/17/2015 | 12:41:31 AM
Re: Not good
My bet is that they will try and sell the spectrum to the highest bidder.
danielcawrey
50%
50%
danielcawrey,
User Rank: Light Sabre
12/16/2015 | 8:40:32 PM
Not good
It's never good to have a technology provider have so many problems even before launching a product or service. 

That's what is making me wary of LightSquared. I'm not optimistic they can overcome some of the challenges that they are facing. 
Featured Video
From The Founder
John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
Flash Poll
Upcoming Live Events
September 12, 2018, Los Angeles, CA
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 6, 2018, London, United Kingdom
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Telecom Jargonosaurus Part 1: Repeat Offenders
Iain Morris, News Editor, 7/13/2018
Broadcom Buys CA – Huh?
Mitch Wagner, Executive Editor, Light Reading, 7/11/2018
Verizon Taps Malady as Acting CTO
Dan Jones, Mobile Editor, 7/12/2018
FCC's Rosenworcel: US 'Falling Behind' on 5G
Iain Morris, News Editor, 7/13/2018
Netflix Is Growing, but Don't Ask by How Much
Phil Harvey, US News Editor, 7/16/2018
Animals with Phones
Casual Tuesday Takes On New Meaning Click Here
When you forget your pants.
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed