Mike Spector and Greg Bensinger in News on April 30 at 3:06 am PT
Hedge-fund manager Philip Falcone agreed to step aside eventually as the public face of his LightSquared Inc. venture, a concession that may keep the wireless-telecommunications company from defaulting on its debt, people familiar with the negotiations said.
Voices
Melodie Warner, Reporter, The Wall Street Journal in Mobile on April 20 at 12:15 pm PT
Billionaire Phil Falcone’s wireless start-up, LightSquared Inc., made a $56.25 million payment to Inmarsat to resolve a default under their spectrum cooperation agreement, giving the troubled company more time to gain approval for a wireless service.
Ina Fried in Mobile on April 5 at 5:00 am PT
Backer Phil Falcone says the company may consider a voluntary bankruptcy filing as it figures out what to do after regulators thwarted its wireless network plans.
Ina Fried in Mobile on March 16 at 7:02 am PT
The wireless carrier will return $65 million in prepayments that had been made by LightSquared in anticipation of doing business together.
John Paczkowski in News on March 14 at 3:27 am PT
LightSquared hires former Bush administration solicitor general Ted Olson and Eugene Scalia, son of Supreme Court Justice Antonin Scalia, to save its network.
Lauren Goode in News on February 28 at 10:31 am PT
Sanjiv Ahuja is stepping down, just as the wireless start-up is facing major challenges in its effort to build a 4G cellular network.
Voices
Greg Bensinger, Reporter, The Wall Street Journal in Mobile on February 17 at 3:55 pm PT
Investors in Philip Falcone’s Harbinger Capital Partners sued the fund and Mr. Falcone on Friday, saying the “all in” investment in wireless startup LightSquared Inc. squandered billions of dollars.
