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Wireless

LightSquared files restructuring plan with court

Monday 2 September 2013 | 14:24 CET | News
US operator LightSquared has filed a proposed restructuring plan in court, as part of its Chapter 11 proceedings. The plan would see the company continue to seek approval from the FCC to use its spectrum to offer terrestrial mobile broadband, Bloomberg reports. The FCC's initial refusal, due to interference with GPS, is what pushed the company into bankruptcy last year. The FCC is currently consulting on LightSquared's new proposal to use alternative frequencies, until 23 September. LightSquared said it would also consider divesting some assets in order exit Chapter 11. LightSquared's

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Categories: Mobile & Wireless
Companies: FCC / LightSquared
Countries: United States
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