To the surprise of very few, LightSquared has filed for Bankruptcy protection under Chapter 11.
Given that the firm has virtually no path forward to use its frequencies to provide 4G-type services in light (no pun intended) of the apparently unresolvable GPS interference issues, Chapter 11 gives LightSquared a way to step back and . . . → Read More: LightSquared files for Bankrupcy (Chapter 11)