Ina Fried

Recent Posts by Ina Fried

Next Chapter in LightSquared Saga Could Be Chapter 11

After failing in its bid to launch a wholesale wireless network, LightSquared may be headed for a bankruptcy filing.

Chief backer Phil Falcone acknowledged the possibility in several interviews on Tuesday, including an email to The Wall Street Journal.

“Spectrum value does not decrease in bankruptcy,” he said in the email. Falcone earlier mentioned the possibility of a bankruptcy filing to Reuters.

LightSquared has spent billions to try to build a 4G wireless network that it could lease out to others. However, regulators revoked their tentative approval for the plans amid concerns that there would be unavoidable interference with existing GPS devices.

The company had signed several deals ahead of the regulatory move, including a pact with Sprint that has since been terminated.


Latest Video

View all videos »

Search »

When AllThingsD began, we told readers we were aiming to present a fusion of new-media timeliness and energy with old-media standards for quality and ethics. And we hope you agree that we’ve done that.

— Kara Swisher and Walt Mossberg, in their farewell D post