Thursday, 24 May 2018

LightSquared close to bankruptcy exit after spectrum transfer OK

By Nick Wood, Total Telecom
Monday 07 December 15

Ex-Verizon CEO named as chairman of newly reincarnated LTE wholesaler.

LightSquared has moved another step closer to exiting Chapter 11 after the U.S. Federal Communications Commission (FCC) granted approval to transfer its spectrum to a new company that will be chaired by former Verizon CEO Ivan Seidenberg. "The transfer of licenses from old LightSquared to the new entity allows for the company to exit bankruptcy proceedings and offer services to the American people…

LightSquared has moved another step closer to exiting Chapter 11 after the U.S. Federal Communications Commission (FCC) granted approval to transfer its spectrum to a new company that will be chaired by former Verizon CEO Ivan Seidenberg. "The transfer of licenses from old LightSquared to the new entity allows for the company to exit bankruptcy proceedings and offer services to the American people…

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