LightSquared Teeters On Bankruptcy, Should Hear Official Word Tomorrow
It sounds like the two sides will have until 5PM tomorrow in order to reach a deal that would keep LightSquared out of bankruptcy court, but it's unlikely another waiver will be granted. What does this mean for LightSquared? Not much that we didn't already know. Sprint dashed the company's hope of a partnership after too many GPS interference issues (and FCC probes) battered its image, and it's unlikely that any other wireless carrier would take the risk at this point. You win some, and you lose some, and it sounds like this game is just about finished.