Nothing puts a pep in our step like streaming a little LMFAO radio on our smartphone and busting out a move or two. Until, of course, we see the astronomical data charges from our personal dance party at the end of the month.
Electronista - LightSquarted chief Philip Falcone is said to be stepping down from his position in order to buy time for his hedge-fund Harbinger Capital’s ambitious satellite-powered 4G LTE network. The concession could be enough to avert the likelihood that LightSquared will default on its debts, reports The Wall Street Journal. If supported, LightSquared’s lenders will agree to a one extension of its $1.6 billion in loans that expire on Monday morning.
Bloomberg - Sprint Nextel Corp. (S) plans to end a network-sharing agreement with billionaire Philip Falcone’s LightSquared Inc. (SKYT) wireless venture as early as next week, according to two people familiar with the matter.
Engadget - Unless you've been living under a rock, you've probably heard of a little start-up called LightSquared and its ambitious plans to blanket these great states in 4G LTE. You may likewise have caught wind of its announcement earlier this year of a fistful of anonymous wholesale partnerships.
