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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 >>

Sprint to end deal with LightSquared, report claims

Sprint is reportedly planning to walk away from its planned network-sharing deal with LightSquared as early as next week, Bloomberg reported on Wednesday. Sprint and LightSquared in June agreed to an 11-year deal >>

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 names Marc Montagner Chief Financial Officer

LightSquared announced on Tuesday that it has named Marc Montagner as Chief Financial Officer. Montagner replaces Michael Montemarano, who left the firm in November. Montagner specializes in mergers and acquisitions, having previously worked for Dupont Circle >>