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.
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.
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.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
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