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 has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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