Tuesday, July 5, 2011

LightSquared Raises $265 Million

LightSquared has raised $265 million of additional funding from new and existing investors.

LightSquared has now raised a total of $2.3 billion in the past year, but may need to raise as much as $4 billion to finish its nationwide network, and it still has to get permission from the Federal Communications Commission to use its spectrum, given concerns about interference with GPS and aeronautical communications.

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