Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


July 28, 2015 2:50 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

Phone:

703-390-2700

Fax:

703-390-2770

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.

Similar Private Companies By Industry

Company Name Region
Comcast Phone of Connecticut, Inc. United States
Spot On Networks, LLC United States
Callingcard Industries Inc. United States
Prime Time Communications, LLC United States
AmeriTel Pay Phones, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LightSquared Inc., please visit www.lightsquared.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.