LightSquared raises $265M more despite GPS worries

The startup still needs to prove its network won't interfere with GPS receivers

Mobile broadband startup LightSquared has raised another US$265 million that it can use for building its 4G LTE network, despite the uncertainty of that network being approved by the FCC.

The latest round of investments, announced on Tuesday, came from new and existing investors, LightSquared said. In the past 12 months, the company has raised more than $2.3 billion but faces an estimated cost of $14 billion to complete its planned hybrid satellite-cellular network.

That network's future is in question after a report last week that showed sometimes-devastating interference between LightSquared's LTE (Long-Term Evolution) base stations and GPS (Global Positioning System) receivers. The LTE system would use a radio spectrum band originally designed for satellites. As it filed that report to the U.S. Federal Communications Commission, LightSquared also gave the agency its proposal to use different frequencies and lower transmission power for its LTE network.

The FCC has granted LightSquared a waiver that would allow it to operate the powerful LTE radios in satellite spectrum, but only on the condition that it ensures GPS is not impaired. The agency is seeking public comment on those filings until the end of this month and will ask for responses to those until the middle of August. However, LightSquared plans to start building the LTE network even before the FCC has approved operating it.

In a statement, LightSquared Chairman and CEO Sanjiv Ahuja called the investments an endorsement of the company's business model. LightSquared plans to only sell access to its network wholesale to other carriers, who would resell services based on it. Electronics retailer Best Buy and Leap Wireless, operator of the Cricket mobile brand, are among the partners signed up to use the network. Sprint Nextel may also partner with LightSquared, according to news reports.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issues4gtelecommunicationsatelliteLightSquaredmobileinvestments

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Stephen Lawson

IDG News Service
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?