The hedge-fund backed LightSquared isn't giving up on its plan to build a nationwide 4G wireless network. But the path forward is likely to be a long one.
Last week, LightSquared, which was backed by billionaire Philip Falcone and his hedge fund Harbinger Capital, filed proposals with the Federal Communications Commission that would help it satisfy interference concerns and allow the company to build its nationwide 4G LTE wholesale network.
Specifically, LightSquared has promised to permanently vacate the upper 10MHz of its radio spectrum. And it said it wouldn't use the lower 10MHz of spectrum until the FCC … Read more