LONDON, March 7 (Reuters) - Satellite communications provider Inmarsat posted a 20 percent fall in 2012 pretax profit on Thursday reflecting suspended payments from LightSquared , a plan to create a new North American mobile network.
LONDON, March 7 (Reuters) - Inmarsat, a provider of satellite communications for shipping, posted a 20 percent fall in full-year pretax profit after revenues dried up from the ill-fated LightSquared plan to create a new mobile network in North America.
about 75% of the money. It invested $60 million into LightSquared , which filed for bankruptcy in 2012, and will likely ..... Sprint. More recently, it has invested $60 million in LightSquared , a highly speculative wholesale 4G wireless system
the terms of any potential agreement would be, or even if the talks will proceed further, it does seem possible considering that Sprint has been looking for a replacement ever since its deal with LightSquared Complete Story »
LONDON, Nov 5 (Reuters) - Satellite company Inmarsat posted a 5 percent rise in third-quarter revenue, excluding its LightSquared partnership, helped by take-up of its broadband services by shipping customers globally.
Illuminati Investments : The Harbinger Group ( HRG ) is a holding company headed by former hedge fund superstar and current Lightsquared lightning rod Phil Falcone. It originated as a "blank check" company and was converted to a holding company via a
NEW YORK, Aug 14 (Reuters) - U.S Bankruptcy Court Judge Shelley C. Chapman this afternoon extended a critical document discovery deadline in the LightSquared bankruptcy proceedings.
In court documents posted late Wednesday, LightSquared disclosed details about its $40 million ..... priority lien on property and other assets at LightSquared Inc, the holding company for LightSquared . A hearing to approve the DIP has been scheduled
bankruptcy hearing Wednesday afternoon, LightSquared and an ad hoc group of secured LightSquared LP lenders revealed that they had agreed ..... upon $190 million of encumbered cash at LightSquared LP, the main operating subsidiary of the
manager Phil Falcone recently filed bankruptcy for LightSquared (The case is LightSquared Inc., 12-12080, U.S. Bankruptcy Court ..... Partners, Falcone's hedge fund, owned 74% of LightSquared as of January 27). According to Bloomberg