While LightSquared emerged from bankruptcy on July 15, one of its first moves was to ask the bankruptcy judge to keep other investors at bay until December, to allow the company to complete its recovery plan. The judge allowed LightSquared until December 6 to complete the process. However, that didn’t stop one Wall Street heavyweight from raising its initial $2 billion bid to acquire the company’s assets to $2.2 billion, in a struggle between two rival billionaires: Charlie Ergen of Dish Networks; and Philip Falcone of Harbinger Investments, which owns LightSquared.
Harbinger Capital Partners and other entities associated with the LightSquared high-speed wireless Internet access system have filed a lawsuit against Deere & Company, Garmin International, Trimble Navigation, The U.S. GPS Industry Council and The Coalition to Save Our GPS.
Harbinger Capital Partners and other entities associated with the failed LightSquared 4G broadband network filed a lawsuit against Deere & Co., Garmin, Trimble Navigation, The U.S. GPS Industry Council and The Coalition to Save Our GPS. The lawsuit claims that the defendants failed to disclose information about GPS interference problems caused by an adjacent frequency spectrum that LightSquared was allocated to use and seeks $1.9 billion in damages.
Montreal, Canada-based Innotech Aviation (Booth 1115) announced here at EBACE 2013 the successful installation and certification of a dual Ku/SatTV system on a Bombardier Global jet. Called the I-Ku Diamond system, the installation offers Global operators simultaneous operation of satellite TV, Ku-band satellite high-speed broadband service, voice over IP and other office-in-the-sky applications. Speeds average 1.5 Mbps with options to select even faster speeds.
This summer Carlsbad, California-based ViaSat plans to add two premium classes to its Yonder high-speed Internet satellite telecom service, specifically to cater for the needs of business aviation. The new services–Yonder Premium and Yonder VIP–provide higher data rates, new quality of service assurances and enhanced network operations, as well as field engineering customer support.
ViaSat’s Exede Internet consumer broadband service is expanding to the airline sector, and sources at the Carlsbad, Calif.-based company say it is considering providing Exede to business aviation, though no plans have been announced yet.
At AIX, ViaSat announced it had set Guinness world records for the highest-capacity satellite, allowing 100 times the capacity of a typical Ku-band satellite and 10 times the throughput of any Ka-band satellite launched before ViaSat-1.
LightSquared is slated to exit bankruptcy on May 31, and is required to have its future reorganization plan complete by July15.
One of Satcom1’s fastest-growing markets is China, and the Danish company is exhibiting here to highlight its capabilities as a satellite communications service provider. “The potential in China is growing by the day,” said Satcom1 international sales manager Jimmy Larsen.
Since LightSquared’s bankruptcy last fall, a common perception was that the company had thrown in the towel and the GPS industry could cease looking over its shoulder, breathe a sigh of relief and get back to the navigation business. But that was not to be. In fact, what we have seen is more an extended time-out than a cessation of hostilities, as the combatants consolidated their positions. But neither has offered a cease-fire or surrender.
Just when it seemed that LightSquared and its threat to GPS had finally faded away, following the February withdrawal of its operating licenses by the U.S. Federal Communications Commission (FCC), the company is back again, with new plans and, more surprisingly, a modest degree of FCC support.
- Page 1