Federal Communications Commission

LightSquared scores another round of funding

LightSquared has announced that it has raised an additional $265m in additional funding, bringing the company’s total investment haul for the past year to more than $2.3bn. According to LightSquared, the capital was drawn from both existing as well as new investors; beyond that, it’s not naming names. The deal comes amid a period of turbulence for LIghtSquared, which is facing opposition from the GPS establishment over interference issues.

LightSquared scores another deal, hits back at critics

Embattled LTE startup LightSquared’s woes appear not to have put off prospective customers, as the company announced yesterday that VoIP provider netTalk had joined Sprint, Best Buy and Leap Wireless as a wholesale customer of the telco.

Another blow for LightSquared

Greenfield operator LightSquared’s woes look set to continue, with news that a US House of Representative’s committee has passed a bill blocking the Federal Communications Commission (FCC) from granting the would-be wholesaler a waiver it needs to move forward.

LightSquared GPS move “borders on the bizarre”

Greenfield operator LightSquared’s announcement of a solution to its GPS interference problems has been met with derision by GPS industry body, Coalition to Save Our GPS. The Coalition, which counts Garmin, TomTom, FedEx and the Air Transport Association among its members, issued a statement referring to “this latest gambit by LightSquared” as “bordering on the bizarre.”

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