Subscribe free to our newsletters via your
. Energy News .




SPACEMART
Wireless firm Lightsquared seeks bankruptcy
by Staff Writers
Washington (AFP) May 14, 2012


Lightsquared, a firm whose an ambitious high-speed wireless broadband venture was thwarted by US regulators, filed for bankruptcy protection on Monday, documents showed.

LightSquared, which is backed by Philip Falcone, founder and chief executive of Harbinger Capital Partners, planned to use satellite spectrum to build its its fourth-generation, or 4G, wireless broadband network.

But the Federal Communications Commission earlier this year revoked permission for LightSquared to build a 4G-LTE network that the company had said would cover more than 90 percent of the United States by 2015.

The FCC cited research done by the National Telecommunications and Information Administration (NTIA), the agency that coordinates spectrum use by the US military and federal government.

Among the creditors in the filing in US Bankruptcy Court in New York were Boeing, with a disputed $7.5 million owed, and Alcatel-Lucent, with $7.3 million.

.


Related Links
The latest information about the Commercial Satellite Industry






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SPACEMART
Nigeria to commercialize satellite services: official
Abuja, China (XNA) May 14, 2012
The newly-launched earth observation satellite, NigeriaSat-2, is now set for commercial activities, a top government official has said. Director-general of the National Space Research and Development Agency (NASRDA) Mohammed Seidu disclosed this on Friday in Abuja, adding that Nigeria's first satellite in orbit NigeriaSat-1 is to be decommissioned soon. Seidu, who was giving a rundow ... read more


SPACEMART
China plans mega transmission power line

WWF says over-consumption threatens planet

Australia to become energy superpower?

Top Five Figures Influencing Renewable Energy in US

SPACEMART
South Sudan says ready to resume talks with Khartoum

Russia's Kuril Islands to become investment heaven

US attack submarine docks in Philippines

India says it will cut Iran oil purchases by 11%

SPACEMART
Opening Day Draws Close for Janneby Wind Testing Site

NASA Satellite Measurements Imply Texas Wind Farm Impact on Surface Temperature

Scientists find night-warming effect over large wind farms in Texas

DoD, Navy and Wind Farm Developer Release Historic MoA

SPACEMART
Winner of the PV Project of Distinction Award at PV America West Monitored by AlsoEnergy

Secrets of the first practical artificial leaf

GeoGenix Announces 20 New Residential Solar Projects

Solar Energy World Brings Sustainability to Soccer

SPACEMART
Firms fear summer meltdown in nuclear-free Japan

Japan's TEPCO posts $9.76 bn full-year net loss

New Romanian PM keen to expand nuclear plant

Japan town approves nuclear reactor restart

SPACEMART
Better Plants for Biofuels

Better plants for biofuels

The Andersons Finalizes Purchase of Iowa Ethanol Plant

USA Leads World in Exports of Ethanol

SPACEMART
China confirms plans to build own orbital station

Building a Heavenly Palace in outer space

Long March-2F rocket delivered to launch center

China's Lunar Docking

SPACEMART
Mauritania growth at four percent despite crippling drought

Climate talks open in Bonn to tackle emissions targets

EU issues warning to carbon tax rebels China, India

New research brings satellite measurements and global climate models closer




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement