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September 04, 2015 5:39 PM ET

Diversified Telecommunication Services

Company Overview of LightSquared Inc.

Company Overview

LightSquared Inc., a 4G-LTE open wireless broadband network, provides mobile satellite voice and data services. The company offers satellite voice and data services, including push-to-talk, a real-time voice based service that provides point-to multipoint and point-to-point communication at the push of a button; telephony and data; and GPS tracking services through a network of satellite service providers. It also provides satellite capacity leasing services to enable private network carriers to build and deploy their own satellite communications solutions to operate over the company’s satellite network; and ViaSat L-band managed service that offers broadcast and multicast data transport and...

10802 Parkridge Boulevard

Reston, VA 20191

United States

Founded in 1985

181 Employees





Key Executives for LightSquared Inc.

Chairman and Chief Executive Officer
Chief Financial Officer
Age: 53
Executive Vice President of Regulatory Affairs & Public Policy
Compensation as of Fiscal Year 2015.

LightSquared Inc. Key Developments

Group Of Investors Reportedly Mulls Acquisition Of LightSquared

Harbinger Capital Partners LLC along with Fortress Investment Group LLC (NYSE:FIG), Centerbridge Partners, L.P. and Sheehan Insurance Service, Inc. is seeking to acquire LightSquared Inc. On January 20, 2015, Judge Shelley Chapman approved the disclosure statement to LightSquared Inc.'s reorganization plan. However, she urged the parties to "look around for loose change in the sofa cushions" and to continue talks ahead of a March hearing on the proposed Chapter 11 exit. Moelis & Co acted as financial advisor for LightSquared Inc.

Philip Falcone Resigns from LightSquared Board

Philip Falcone, who managed to keep his spot on the board of LightSquared last August, has decided to part with it now. Falcone, as well as four other board members appointed by Falcone's Harbinger Capital Partners, have all resigned their seats as of June 12. The departure of Falcone, who led LightSquared into bankruptcy after its plan to establish a high-speed data network was quashed by the Federal Communications Commission, may signal progress on a plan to reorganize the company.

Dish Network Reportedly Drops Out Of LightSquared Bidding

Dish Network Corp. (NasdaqGS:DISH) has ended its $2.2 billion bid to buy LightSquared Inc., through bankruptcy auction, according to news reports out of bankruptcy court proceedings in New York City. A spokesman for Dish Network declined to comment.

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