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LightSquared makes a payment, gets reprieve until 2014
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The following comments relate to this news article:

LightSquared makes a payment, gets reprieve until 2014

article published on 22 April, 2012

Inmarsat has confirmed it received a long overdue payment from LightSquared and will in turn suspend further payments until 2014. The payment of $56 million will give the company some time as it hopes for regulatory clearance. LightSquared is looking to create a mobile network using Inmarsat's spectrum. In February, LightSquared's plans took a huge hit when the FCC proposed that the ... [ read the full article ]

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Posted Message
LordRuss
Senior Member

1 product review
_ 		23. April 2012 @ 12:59 _ Link to this message    Send private message to this user   
And because the military is involved we still don't have any idea what the hell is going on... Other than a company that needs funds for operation is getting squeezed out or is full of shit & has been sucking the hind tit of the government for some time now & has been found out.

Either way we'll either see some progress from these guys or some major fallout for the funds thrown down a septic pipe.
[ + quote]
http://onlyinrussellsworld.blogspot.com
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