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Submission + - LightSquared Files Bankruptcy (bloomberg.com)

fallen1 writes: Apparently, there actually was too much interference for LightSqaured to continue operations. In filings with U.S. Bankruptcy court, it was revealed that LightSquared had assets and debts of over $1 billion each. The decision followed a year-long fight with between LightSqaured and GPS users — including some heavyweights like FedEx and UPS.
Apparently Boeing and Alcatel-Lucent are heavily invested but it would be interesting to see what the old Bell Labs could do with the technology.

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LightSquared Files Bankruptcy

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