Jan 09
Satellite TV provider Dish Network has been wanting to get its hands on some wireless spectrum badly. The company has eyed spectrum from a number of sources including from the … Continue reading
May 20
The last few years have been a tumultuous time for LightSquared, with the company’s LTE plans facing one hurdle after another that eventually led to a bankruptcy filing. It looks like at least one company is now looking to buy its most valuable asset, though, with Bloomberg reporting that Dish Network Chairman Charlie Ergen has put a $2 billion offer on the table for the company’s wireless spectrum. That’s yet to be confirmed by either party, and Bloomberg reports that the offer is a so-called stalking horse bid, which could still let others put in a higher offer of their own. As Bloomberg also notes, this all comes at the same time that Dish is looking to buy Sprint for over $25 billion, both of which would need regulatory approval before going through.
Filed under: Wireless
Source: Bloomberg
Sep 30
LightSquared pitches new plans to FCC in attempt to end GPS interference hex
Posted in: Today's Chili
If you thought filing for Chapter 11 bankruptcy was the final chapter in LightSquared‘s wireless network saga, you’d be wrong. Hedge-fund manager Philip Falcone is back at the FCC‘s doorstep with yet another proposal, which he hopes might snatch the maligned network from the jaws of GPS interference-related troubles. Two filings placed with the commission apparently outline plans to use its broadband network in a way that it believes won’t interfere with GPS signals, along with the 5MHz of spectrum that are known not to cause any issues. Along with the proposed changes, LightSquared is reportedly set to ask for more time to have exclusive rights to propose a reorganization plan. If granted, this could finally mean some progress for the beleaguered project, but with investors worried that money being spent on this could be better-placed back in their pockets, Falcone will have everything crossed, while the FCC deliberates the situation.
Filed under: Cellphones, GPS, Mobile
LightSquared pitches new plans to FCC in attempt to end GPS interference hex originally appeared on Engadget on Sun, 30 Sep 2012 05:04:00 EDT. Please see our terms for use of feeds.
Jul 26
Sprint’s iPhone gamble isn’t paying off as 2012 Q2 figures reveal $629 million operating loss
Posted in: Today's Chili 
Sprint’s second quarter figures have arrived, showing that the company’s billion-dollar gamble on the iPhone isn’t working right now. While it sold 1.5 million Apple-branded handsets in the three month period (40 percent to new and postpaid customers), it recorded an operating loss of $629 million and a colossal net loss of $1.4 billion — compared to an operating loss of $255 million and a net loss of $863 million in the first quarter. Operating revenues of $8.8 billion improved on those in the first quarter by a single percent — mostly due to higher service fees from its wireless offerings. It’s also grown its cash reserves, up from $128 million last quarter to $267 million today, and can point to 442,000 postpaid and 141,000 new prepaid subscribers pushing the company’s customer base up to 56 million nationwide — mentioning that 60 percent of former Nextel users chose to remain with Sprint during the enforced change.
The figures reveal that Sprint’s eating around $782 million due to the shutdown of the Nextel platform and a further $184 million to end leases on antenna sites for the moribund network. It’s also having to take a hit of $204 million due to its investment into infrastructure partner Clearwire. It’s affirmed its $1 billion lending facility, contingent upon purchasing gear from Ericsson to help build its LTE network, which it aims to have installed in 12,000 sites by the end of the year. Of course, that purchase was prompted by the collapse of Philip Falcone’s doomed LightSquared project, which caused the Now Network to lose $66 million in cash and its childhood innocence when it comes to trusting other people.
Update: Big Yellow also mentioned that it has no plans to adopt a shared data plan to follow AT&T and Verizon.
Filed under: Cellphones, Wireless, Internet
Sprint’s iPhone gamble isn’t paying off as 2012 Q2 figures reveal $629 million operating loss originally appeared on Engadget on Thu, 26 Jul 2012 07:17:00 EDT. Please see our terms for use of feeds.
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