LightSquared's end is near.
The company filed for bankruptcy today, according to Bloomberg, marking an unglamorous end to its attempt to create an upstart provider of super-fast wireless service.
LightSquared was designed as a neutral wholesale provider of 4G LTE service, injecting additional competition into the industry and giving companies an alternative partner to work with. Despite its network in constant jeopardy, it had lined up an impressive list of partners willing to ride on its network.
LightSquared, in a statement, said the company plans to continue its normal operation through the process, and still plans to build its … Read more