LightSquared: Who Pays for GPS Receiver Fixes Yet to be Devised?
With more testing on the horizon and a potentially alarming homeland security report about to be released, LightSquared’s efforts to begin work on its proposed wireless broadband service are stuck in the procedural mud.
The delays, which are never good for a commercial company, are piling up just as the firm’s coffers are thinning and need to be replenished with a new round of fund raising.
By Dee Ann Divis