LightSquared enters bankruptcy
Date: Tuesday, May 15 @ 14:23:27 UTC
Topic:
Regular readers will be familiar with the story of LightSquared. The US startup had planned to rollout a high speed mobile data network across the US using frequencies it had acquired from purchasing a satellite network.
But the frequencies they planned to use were adjacent to those already in use by GPS and there was concern that the network could cause issues to the navigation service.
LightSquared blamed poor GPS receiver designs for the problem and, whilst improved designs with better filters would resolve the issue on newer receivers, it was not a solution for those devices already in use.
With the FCC giving a firm 'No' to the plans because of the potential for interference, the one asset of value held by LightSquared, the slice of radio spectrum, is left valueless and bankruptcy was inevitable.
Click here to read more...
Click here to discuss...
|
|
