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 …