Lightsquared Begins Spectrum Moves
LightSquared, the proposed venture to create a wholesale-only Long Term Evolution network in the United States, has taken a concrete step towards clearing spectrum it proposes to use for the terrestrial network.
Specifically, Lightsquared has notified Inmarsat that it wishes to increase the amount of contiguous spectrum available to it. The process is expected to take 18 months and will require Inmarsat to reconfigure its spectrum plan.
LightSquared will make a series of payments to Inmarsat totalling $337.5 million to defray the costs of the reconfiguration.
A number of important and crucial additional steps are required, including securing additional financing. By some estimates, the business plan remains unfunded by about 50 percent.
Lightsquared recently inked a $7 billion deal with Nokia Siemens networks to build and operate the network, for example.
LightSquared, the proposed venture to create a wholesale-only Long Term Evolution network in the United States, has taken a concrete step towards clearing spectrum it proposes to use for the terrestrial network.
Specifically, Lightsquared has notified Inmarsat that it wishes to increase the amount of contiguous spectrum available to it. The process is expected to take 18 months and will require Inmarsat to reconfigure its spectrum plan.
LightSquared will make a series of payments to Inmarsat totalling $337.5 million to defray the costs of the reconfiguration.
A number of important and crucial additional steps are required, including securing additional financing. By some estimates, the business plan remains unfunded by about 50 percent.
Lightsquared recently inked a $7 billion deal with Nokia Siemens networks to build and operate the network, for example.
