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Philip Falcone of LightSquared to step down

0. phoneArena posted on 30 Apr 2012, 09:43

Time is running out for Philip Falcone to come up with a plan that will address the $1.6 billion loan LightSquared is in debt for. As we told you at the beginning of the month, the lenders who own that debt said they would give Falcone’s Harbinger Capital until 10:00 a.m. on April 30th...

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posted on 30 Apr 2012, 10:16 1

1. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)

What are they going to negotiate? Unless and until LightSquared can prove no interference with GPS signals, they ain't going anywhere.

posted on 30 Apr 2012, 11:13 1

2. tward291 (Posts: 559; Member since: 14 Feb 2012)

lol this company should just fail so someone else can use that sprectrum

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