lightsquared News

LightSquared files for Chapter 11 bankruptcy

LightSquared on Monday filed for Chapter 11 bankruptcy after its planned high-speed wireless network was derailed by regulators, Bloomberg reported. The company’s data network would have covered as many as 260 million users >>

RIM appoints new marketing, operating execs

Research In Motion on Tuesday named two new executives as the shake-up atop its organization continues. Recently-appointed chief executive officer Thorsten Heins said during his first day on the job that finding a >>

LightSquared CEO steps down, will remain chairman of the board

LightSquared on Tuesday announced that Sanjiv Ahuja has resigned from his role as chief executive officer. Chief network officer Doug Smith and and CFO Marc Montagner will serve as interim co-CEOs, and Ahuja will continue >>

LightSquared plans to lay off 45% of its staff

LightSquared announced on Tuesday that the company plans to cut its workforce by 45% in an effort to cut costs. “This and other cost savings measures will allow LightSquared to continue to navigate the regulatory process >>

LightSquared develops new antenna to settle GPS concerns

LightSquared announced on Thursday that, in cooperating with PCTEL, it has developed a new antenna that will help “resolve concerns over high precision GPS receivers.” LightSquared’s 4G LTE network, which will be deployed >>