 LinklistPremium
join:2002-03-03
Longport, NJ
kudos:5 | reply to N3OGH
Re: Good riddance said by N3OGH:Lightsquared is getting the axe because they were going to use spectrum that wasn't designed for the intended purpose in the first place. They bought the spectrum on the cheap, thinking they could bribe the Obama administration into steering a waiver their way, and they lost.
Evidently Falcone still thinks he has juice with the Obama admin, because he is still acting all tough and confident despite the FCC decision:
»old.news.yahoo.com/s/nm/20120215···_falcone
"It is clearly not on our table," Falcone said in an email to Reuters on Wednesday when asked if LightSquared, the biggest investment in his Harbinger Capital Partners fund, was considering a bankruptcy filing.
He said there is a plan for dealing with the Federal Communications Commission's plan to revoke its permission for LightSquared to build out a land-based network, but he declined to offer any details.
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The nine most terrifying words in the English language are, I'm from the government and I'm here to help.
»www.politico.com/2012-election/
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