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Falcone set to step aside as LightSquared face

The Wall Street Journal reports that billionaire hedge-fund manager Philip Falcone is set to step-aside as the public face of planned wholesale network operator LightSquared, as part of an agreement designed to stop the company from defaulting on its debt.

LightSquared creditors unite on bankruptcy talks

A number of LightSquared debt holders have banded together to negotiate with the wholesale operator’s hedge …

LightSquared settles Inmarsat debt

Proposed US wholesale LTE network LightSquared has renegotiated its spectrum transfer agreement with UK-based mobile satellite company Inmarsat to give it extra time to win regulatory approval to operate its wireless network

LightSquared receives US senator backing

Two US senators have urged the Federal Communications Commission to allow proposed wholesale LTE network LightSquared to move to a new section of spectrum to overcome GPS interference issues

LightSquared: FCC verdict is legally unprecedented

Proposed LTE wholesale network LightSquared has said the Federal Communications Commission (FCC) decision to withdraw …

Sprint walks away from LightSquared deal

US number-three operator Sprint has ended its spectrum hosting agreement with proposed LTE wholesale network LightSquared

Report: Sprint poised to walk away from LightSquared

US operator Sprint could pull the plug on its deal with LightSquared as early as next week, according to sources at Bloomberg.

Report: LightSquared mulling former Nextel boss for new CEO

Proposed US wholesale LTE network LightSquared is looking into the possibility of hiring former CEO of Nextel, Timothy Donahue, as its new CEO

LightSquared to cut 45 percent of workforce

Proposed US wholesale LTE network LightSquared is to let 45 percent of its workforce go as it continues to battle for regulatory approval

LightSquared to be blocked by FCC

Proposed US wholesale LTE network LightSquared will be blocked by the Federal Communications Commission (FCC) …