LightSquared Defaults On Inmarsat Payment | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.02.25

Airborne-NextGen-06.03.25

AirborneUnlimited-06.04.25

Airborne-AffordableFlyers-06.05.25

AirborneUnlimited-06.06.25

Tue, Feb 21, 2012

LightSquared Defaults On Inmarsat Payment

Had Owed The UK-Based Satellite Spectrum Owner Over $56 Million

LightSquared has reportedly defaulted on a $56.25 million payment to UK-based Inmarsat, and in keeping in character, has partly blamed the satellite provider and spectrum owner for the move.

Engadget reports that LightSquared had entered into an agreement in 2007 with the satellite spectrum owner, but the recent ruling by the FCC that it could not operate in its existing form without interfering with GPS has brought its plans to deploy a nationwide 4G-LTE broadband network to a screeching halt.

In a statement, LightSquared continues to insist that it will be successful in its efforts. "LightSquared has received a notice of completion from Inmarsat relating to the first phase of the companies' 2007 multi-phase agreement to reallocate spectrum resources," the statement reads. "As part of the first phase, Inmarsat is required to fulfill certain obligations important to the deployment of LightSquared's 4G-LTE integrated terrestrial and satellite network and protection of their respective customers.

"LightSquared has raised several matters that require resolution before the first phase comes to a close. The terms of the agreement allow for additional time to resolve pending questions before phase one is complete and the final payment is due.

"LightSquared is committed to fulfilling its business plan to bring world-class wireless broadband connectivity to millions of Americans and believes that Inmarsat will remain an important partner in the company's future endeavors."

FMI: www.lightsquared.com, www.inmarsat.com

Advertisement

More News

ANN's Daily Aero-Term (06.03.25): No Gyro Approach

No Gyro Approach A radar approach/vector provided in case of a malfunctioning gyro-compass or directional gyro. Instead of providing the pilot with headings to be flown, the contro>[...]

ANN's Daily Aero-Linx (06.03.25)

Aero Linx: European Hang Gliding and Paragliding Union (EHPU) The general aim of the EHPU is to promote and protect hang gliding and paragliding in Europe. In order to achieve this>[...]

ANN FAQ: Turn On Post Notifications

Make Sure You NEVER Miss A New Story From Aero-News Network Do you ever feel like you never see posts from a certain person or page on Facebook or Instagram? Here’s how you c>[...]

Airborne 05.30.25: Anti-Helicopter Bill, PW Strike Done, All-Electric Bristell

Also: Duffy Wants $$$, KS Airports, Morningside U’s Aviation School, New Airstrip In ID After 6 were killed in a helicopter crash over the Hudson River, several US Representa>[...]

Airborne 05.29.25: ATC Bonu$, VX4 eVTOL Flies, Starship 9 Test

Also: Hermeus Quarterhorse MK1, Seaplane Rating Guide, Vietjet A330neos, SFO Wacky Weed Bust As the air traffic controller shortage trudges on, the US Department of Transportation >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC