Monday, February 28, 2011

Ad-Hoc Group - Senior Secured Payment in Kind Notes "Opposed" EchoStar buying TerreStar? What is the TRUTH of This?

I say there are Tons of Conflicts of Interest in the TerreStar Bankruptcy.

Is all of this "Of the Highest Fiduciary Duty" ?

"An ad-hoc group holding about $335 million of TerreStar Network 15% senior secured payment-in-kind notes due in 2014 had opposed the plan."

Source of Quote

An ad-hoc group "Refers to a comittee formed for one specific purpose." So what are the NAMES of those on this Ad Hoc Group for in the TerreStar Bank that "Opposed" the "EchoStar Plan" ?


Who are the "19" Who Opposed the "EchoStar Plan" ?

More on this Mysterious "ad-hoc group" that "Opposed" the "EchoStar Plan" in the TerreStar Networks Inc. Chapter 11 Bankruptcy.


Sprint Nextel Corporation (Plaintiff) v. U.S. Bank National Association in its Capacity as Indenture Trustee and Collateral Agent for the 15% Senior Secured Payment-in-Kind Notes due 2014. (Jan. 11, 2011 "Stipulation" )
http://terrestarinfo.com/pdflib/4_05461.pdf (Ad Hoc Group authorized to "Intervene" for Debtors?)

Isn't there a Conflict of Interest With Sprint that is Now in Deals With Lightsquared, Owned by Harbinger Capital Partners ?

http://www.investigativeblogger.com/2011/02/sprint-talking-lte-network-deal-with.html


"The shares of our common stock registered by this prospectus are comprised of (i) up to 8,970,000 shares of our common stock to be issued to EchoStar Corporation, or EchoStar, upon its exchange of up to $50 million in principal amount of TerreStar Networks Inc., or TerreStar, 6.5% Senior Exchangeable PIK Notes due 2014 (the “exchangeable notes”) originally issued on February 7, 2008, (ii) up to 8,970,000 shares of our common stock to be issued to certain affiliates of Harbinger Capital Partners, or Harbinger, upon its exchange of up to $50 million in principal amount of exchangeable notes into 358,800 shares of our Series E Junior Participating Preferred Stock"
http://livermore.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=6120930-115098-134208&SessionID=GzRfHC9nzzU6f27

So then Did Harbinger Capital Partners "Opposed" the "EchoStar Plan" ? Is that Legal when Harbinger Capital Partners lightsquared is Bidding on TerreStar too ?

Did Harbinger Capital Partners actually Oppose to EchoStar Buying TerreStar ? And a Bankruptcy Judge saw nothing wrong with this? OR is it even True?


Other Links of the TerreStar Bankruptcy and the Mysterious "ad-hoc group" that "Opposed" the "EchoStar Plan"

http://terrestarinfo.com/pdflib/143_15446.pdf

" Patrick J. Nash, Jr. (admitted pro hac vice)
Arun Kurichety (pro hac vice pending)
KIRKLAND & ELLIS LLP
Chicago, IL 60654
Counsel to the Ad Hoc Group of Holders of
15% Senior Secured Note"

******
"Following the Plan, the TSN Debtors will emerge from chapter 11 with an improved, highly deleveraged balance sheet. As of the Petition Date, the TSN Debtors had funded debt facilities with an aggregate accreted amount of approximately $1.2 billion, consisting of: (a) $943.9 million in aggregate principal and accrued interest of 15% Senior Secured PIK Notes due 2014; (b) $178.7 million in aggregate principal and accrued interest of 6.5% Senior Exchangeable PIK Notes due 2014; and (c) $85.9 million in principal and accrued interest in the TerreStar-2
Purchase Money Credit Agreement."

"Senior Secured PIK Notes "

"On February 14, 2007, TSN issued $500 million aggregate principal amount of Senior Secured PIK Notes due 2014 (the “Initial Senior Secured Notes”) and on February 7, 2008, TSN issued an additional $50 million aggregate principal amount of Senior Secured PIK Notes due 2014 "

Source of Quotes Above
http://www.deloitte.com/assets/Dcom-Canada/Local%20Assets/Documents/Insolvencies/ca_en_insolv_terrestar_FourthDisclosure_122310.pdf


******
"there is some agreement between Harbinger and Echostar to join forces and collaborate in LightSquared, as Credit Suisse have suggested. "

posted Here by
Crystal L. Cox
Investigative Blogger
Crystal@CrystalCox.com


Who is Interested my Terrestar Posts

many Generic Users... but here are Some for your Research

Caldwell, New Jersey, United States
Friedman Llp (75.127.178.86) [Label IP Address]
www.investigativeblogger.com/2011/02/terrestar-corporation-bankruptcy.html

Lynnwood, Washington, United States
Elektrobit (207.170.229.66)

Palm Harbor, Florida, United States
Road Runner (24.227.40.86)


Skadden Arps Slate Meagher and Flom

New York, United States
Skadden, Arps, Slate, Meagher & Flom (162.90.144.23) [Label IP Address]
www.sanjivahuja.com/2011/02/lightsquared-inc-lightsquared_22.html


Note: - Skadden Arps Slate Meagher and Flom Connected to Ex-Corruption, Supreme Court Judge Judith Kaye Who

Proskauer Rose Crime Chart

Saturday, February 26, 2011

Verizon Server, Brooklyn Searches "LightSquared CEO Sanjiv Ahuja"

On Site 21 Hours

Mobile Satellite Ventures Limited Partnership

Ottawa, Ontario, Canada
Mobile Satellite Ventures Limited Partnership
(msv (204.138.68.100)

Researching Lightsquared and Sanjiv Ahuja

TerreStar Networks Inc. Bankruptcy - What is the Real Story. Philip Falcone - LightSquared, Charles Ergen EchoStar - Dish Network.

More on the Massive Smoke and Mirrors in the Wireless, Broadband, Satellite Subscription, Spectrum Bankruptcy Drama over TerreStar Networks Inc. AND DBSD North America.

Did Any of the Bidders in the DBSD North America Bankruptcy or the Terrestar Bankruptcy Have Inside Documents, not available to the Public ?

Were their Inside, undisclosed Connections and Conflicts of interest with Echostar, Charles Ergen, Dish Network or With Philip Falcone, Harbinger Capital in Connection with Bidding on Bankruptcy Assets of the DBSD North America Bankruptcy or the Terrestar Bankruptcy ?

Why Today is TerreStar Networks Inc REALLY backing off of EchoStar (Dish Network) Plan? I believe there is a whole lot more to this Story? Political Favors, Bribes ?? Pay Offs ?? Conflicts of Interest?? Inside Information..
http://www.bizjournals.com/denver/news/2011/02/17/report-terrestar-drops-echostar-plan.html

The Latest on the DBSD North America Bankruptcy seems to be that Charles Ergen, Dish Network, Echostar will buy DBSD North America for 1 Billion Dollar and that once this DBSD North America bankruptcy buy is complete then AT&T will buy Dish Network, Echostar, and DBSD North America. Was there any Secret Handshakes, Back Alley Deals, Conflicts of Interest or Inside Information on this one? I Say THERE Certainly had to Be.

EchoStar Got Hughes, so Does Lightsquared Get TerreStar? I mean it is all a game for Zillionaires Right ?

Who Really did Bid on DBSD and Terre Star ?

Were there Inside Connections, Information Leaked to Either Charles Ergen or Philip Falcone?

"Falcone’s LightSquared May Bid for TerreStar, DBSD"
http://www.bloomberg.com/news/2011-02-04/falcone-s-lightsquared-may-bid-for-terrestar-dbsd.html?cmpid=msnmoney
IS Philip Falcone, Harbinger Capital, Lightsquared Bidding on TerreStar and DBSD or Not?

Does Charles Ergen - Dish Network, EchoStar or Philip Falcone, Harbinger Capital, Lightsquared have inside information that is not "available to the public" on the DBSD North America Bankruptcy or the TerreStar Corp. Bankruptcy ?

I Believe that from my "Investigations" of Craig McCaw, the Founder of DBSD North America, ICO Global Communication, XO Communication and Clearwire Corp. - I Believe there is inside information and their is Money that will be made from Insiders Like Craig McCaw.

As it is Said that AT&T Will Buy Dish Network AFTER they Gain Control of DBSD and Terrestar, this affected stocks as a rumor already. Craig McCaw is VERY Connected to AT&T I believe Craig McCaw is in on all this and will Make Billions, and that No Where near ALL has been disclosed in just how "IN" Craig McCaw really is.

What About Today's Headlines of DBSD Scraps EchoStar Plan - What Does This Really Mean, and What Connections to the Blackstone Group 0r TerreStar do other "Bidders" REALLY Have?
http://www.automatedtrader.net/real-time-dow-jones/47322/terrestar-scraps-echostar-plan--continues-to-seek-sale
Is this yet another Media staged event so you won't be surprised who gets the Bid and why?

Are there Really any "Whitehouse Favors" in any of this as suggested at one point by Ken Boehm - Chairman, National Legal and Policy Center? We know that The Whitehouse is "in bed with Intel" and that Clearwire is Heavily Connected to Intel, and that other bidders want to take it easy on Intel Corp - INTC.
http://www.investigativeblogger.com/2011/02/executive-office-of-president-usa-knows.html


Headlines Keep Saying, "Falcone’s LightSquared May Bid for TerreStar, DBSD" - I mean come on Did Philip Falcone Bid on TerreStar or NOT ? What is Really Going ON, Fully Documented Offers for TerreStar were Due Last Monday, Feb 7th Right ?
http://terrestarinfo.com/pdflib/320_15446.pdf

Also Note the Foley and Lardner Connection on Page 2
" Deutsche Bank National Trust Company as Indenture Trustee for the Debtors’ 6.5% Senior Exchangeable Notes and Foley & Lardner LLP as counsel to the Indenture Trustee
http://terrestarinfo.com/pdflib/320_15446.pdf
Foley and Lardner was involved in a 13 Trillion Dollar Technology Theft over the iViewit Stolen Technology. There is massive Proof of Corruption against Foley and Lardner and they to control the US Court System and Judges.
http://www.foley-lardner.com/

Intel Corp Uses this Technology and is So Far protected by Corruption U.S. Courts
http://www.investigativeblogger.com/2011/02/open-letter-to-intel-corp-board-of.html

Time Warner, Warner Bros, AOL Uses this Technology and even signed per minute licensing agreements over a decade ago, as well as they Signed Non-Disclosure Aggrements, they have yet to be made accountable. The Time Warner General Counsel that KNOWS of this Massive Fraud is now the General Counsel at LightSquared ( Curtis Lu )
http://www.northwesttribune.com/2011/02/open-letter-to-time-warner-warner-bros.html

Is Anyone at the The BlackStone Group (Thomas Middleton or Daniel Chang, 345 Park Avenue NY) Connected to Insiders at DBSD North America, CO Global Communication, Clearwire Corp., AT&T, EchoStar, Lightsquared, Harbinger Capital (45o Park Avenue NY) ? More on that Coming Soon - Got a Tip ? Crystal@CrystalCox.com

******
So a "Bondholder", can Bid on a Company in Crisis... Did TerreStar plan to go Down long Ago? what is the Real Back Story to the TerreStar Bankruptcy and the Ulimate Plan of WHO Really will Control TerreStar

Quote Below ...

" Billionaire money manager Philip Falcone 's big bet on a high-speed wireless network, which has led him to mortgage many of his flagship fund's key assets, could soon look even dicier as one of its cornerstone telecom investments teeters on the brink of bankruptcy, says Reuters.

Upstart telecom firm TerreStar Corp, which Falcone's Harbinger Capital Partners fund had invested in and which had been slated to provide some of the infrastructure for his ambitious satellite-based wireless network, recently warned that it lacks sufficient cash and financing to pay for all of its third-quarter expenses – which means it may have to file for a Chapter 11 Bankruptcy.

A TerreStar Bankruptcy filing could come soon if TerreStar can't reach a restructuring agreement with its bondholders, which includes funds managed by Falcone's Harbinger Capital Partners, said people familiar with the company's situation. "
Source
http://www.hfmweek.com/news/582287/hfmweek-daily-snapshot-13-august.thtml

So TerreStar did not "Reach" a Restructuring Agreement, and then the Bondholders involved in Terrestar Not Reaching An Agreement gets to bid on taking over the Company.

Did ANY of the TerreStar Bidders Receive ANY information that was NOT public or available to All Terrestar Bidders? I Think So... Matter Of FACT, I Allege So..

Is Arik Preis of Akin Gump Strauss Hauer & Feldas Conflicted in Any Way ?
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0Bzn2NurXrSkiMGExYjVi
MTktNWM1Ni00NGU4LWJmMGItNjMzNGM0MDdhMTYz&hl=en


******

Have ANY of the TerreStar Bidders Seen this "Confidential" Document ?
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0Bzn2NurXrSkiYWIyMGVjNT
YtODAyMC00YWRkLTlkZTAtOWY3NDE1NjY3MmIz&hl=en


Has any Terre Star Insider Bidders Seen this
Motion to Seal - Loral Space and Communications LTD (Debtors, Debtors in Possession) -
So was this another Chapter 11 involving TerreStar? Was there any Back End Deal on This?
Click Here for Document - Got a Tip? Crystal@CrystalCox.com

Loral Space controls a large percentage of Telesat Canada.

Was there Really any Lobbying that Led any of These "Favors" from any Government Agency - What is the Truth? Crystal@CrystalCox.com

Is there anything to Any of these Documents

http://fjallfoss.fcc.gov/ecfs/document/view?id=7020496296

http://orbitrax.com/wp-content/uploads/2010/12/LightSquared-GPS-dec.pdf


http://www.broadcastingcable.com/article/316085-Terri_Glaze_Named_Director_of_FCC_s_Legislative_Affairs_Office.php
Who Really is Terri Glaze ? Steve Glaze

http://www.ntia.doc.gov/filings/2011/NTIA_FCCletter_01122011.pdf
Letter from Lawrence Strickling.

TerreStar, TerreStar Networks Inc is the Parent Company of Elektrobit Inc. - So does control in Terre Star Get Control in Elektrobit Inc. ? This are all very big and connected companies - Look Deep
http://www.istockanalyst.com/article/viewiStockNews/articleid/4899010

Letter from Danny Price, Director of Spectrum and Communication Policy at the Department of Defense to Assistant Secretary Strickling.
http://www.ntia.doc.gov/filings/2011/NTIA_FCCletter_01122011.pdf

Ken Boehm Letter to House Comm. On Government Oversight and Reform.
http://www.nlpc.org/sites/default/files/HarbingerLetter.pdf

******

http://www.bloomberg.com/news/2011-02-08/dbsd-must-consider-higher-buyout-offers-judge-says-correct-.html
Was this one a Staged Media Event in Order to make it look slow that they were Flat Out Sending EchoStar and DISH Down the Road?

******

All this is boiling down to what you pay for your Satellite Subscription, your Use of Broadband - the Spectrum - the Internet. It Comes Down to Wholesaled 4G, Spectrum to Places like Walmart by folks Like LightSquared.

IS Walmart Teaming up with T-Mobile? Is Philip Falcone, Harbinger Capital Teamed up with T-Mobile and will Walmart be Selling "Spectrum" that they buy Wholesale from Lightsquared?

What Part Does Phillip Humm, T-Mobile - Really Play in ALL this?

What Part Does Sprint Nextel Corp. Really Play in All this ?

Got a Tip?
Crystal@CrystalCox.com



Original Post

As Linked from Echostar Holding Purchasing Corporation Web Stat, Echostar Holding Purchasing Corporation Seems to Like that Post.


CLWR‎ - Clearwire Corporation (NASDAQ), EchoStar Corp-A (SATS:US), DISH‎ - DISH Network Corp. (NASDAQ)‎, HUGH Stock, SPRINT NEXTEL CORP (S:US, T-Mobile USA Inc, Walmart(WMT),Hedge Fund Alert, TerreStar Corp (TSTR), Eagle River Investments LLC, TheBlackStone Group, Taconic, Taconic Capital Advisors LP (450 Park Avenue), T- Mobile,
, Deutsche Telekom (DTEGY),Arik Preis of Akin Gump Strauss Hauer & Feldas, US:S - SprintNextel Corp. , NASDAQ: LORL, Bernard L. Schwartz

Echostar Holding Purchasing Corporation Searches "Lightsquared makes offer on DBSD and Terrestar"

Echostar Holding Purchasing Corporation, Aurora Colorado Googles "Lightsquaredmakes offer on DBSD and Terrestar" .

So What is Echostar Holding Purchasing Corporation, is this the Holding Company set up to bid on Terrestar for EchoStar and Dish Network ?

Why Is Lightsquared's Offers on TerreStar so Secret, when the EchoStar, Dish Network offers were so ... in the News? When TerreStar rejects Echostar there seems to be a Hush Hush on bidding. I Suppose it is a Sealed, Secret Deal, was there a Motion to Seal, Like This one
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0Bzn2Nur
XrSkiMThiYmVhN2ItY2FlNC00Y2RhLTg1NzUtYmZhODY2MjkwZTgz&hl=en


What Will Charles Ergen's Next Chess Move Be?

Will Charles Ergen - Dish Network Complain? Bid Again, Make a Better Bid? Pull Political or Corporate Favors ?

Maybe the Telecom Savvy Charles Ergen will Contact iViewit Technologies and Control ALL Video, and Control all that Makes the Wireless, Broadband 4G Network worth having anyway - as if there is a Global Cease and Desist on the Stolen iViewit Technology... ALL of this Companies would have to PAY whom ever controls the Video encoding License of the Technology that Iviewit Inventors really did invent and there are over 1200 documents of Proof online, Check out DeniedPatent.com , PaulOtellini.info, Bruce Sewell Blog, Time Warner Inc. Blog on Iviewit Stolen Technlogy ... whom every Controls the iViewitTechnology can make Time Warner, Intel, Warner Bros, Sprint, T-Mobile, Clearwire, Motorola and tons more tech, cable, and media companies CEASE using this Video Technology and We ALL use it for ALL Video.

Here is the Web Stat of Echostar Holding Purchasing CorporationSearching"Lightsquared makes offer on DBSD and Terrestar"

VISITOR ANALYSIS
Referrerhttp://www.google.com/search?hl=en&source=hp&q=lightsquared makes offer onDBSD and terrestar&aq=f&aqi=&aql=&oq=
Search Engine Phraselightsquared makes offer on DBSD and terrestar
Search Engine NameGoogle
Search Engine Hostwww.google.com
Host Name
IP Address74.123.198.5 [Label IP Address]
CountryUnited States
RegionColorado
CityAurora
ISPEchostar Holding Purchasing Corporation
Returning Visits0
Visit Length0 seconds
VISITOR SYSTEM SPECS
BrowserIE 6.0
Operating SystemWinXP
Resolution1280x1024
JavascriptEnabled

Navigation Path

DateTimeTypeWebPage
26th February 201103:10:44Page Viewwww.google.com/search?hl=en&source=hp&q=
lightsquared makes offer on DBSD and terrestar&a

www.investigativeblogger.com/2011/02/
terrestar-networks-inc-bankruptcy-what.html



Posted here by
Crystal L. Cox
Investigative Blogger
Crystal@CrystalCox.com


Of Course Echostar Wants TerreStar, But did They, Do they have a Real Shot?

Yahoo Finance Chat Board

"So probably our top 2 choices for takeover are Sprint and Lightsqared? But I just read an article that it's fairly certain Echostar is going to get Dbsd. I thought Terrestar and Dbsd were supposed to be more valuable with their combined spectrum. So if Echostar gets Dbsd, they should also want us. Any thoughts?"


So is this a TerreStar Insider? a Debtor, a Creditor? Are they being Told that there is More money in it for them in the long run if DBSD and TerreStar go Together, is this TRUE?

Didn't EchoStar Already GET the Bid for DBSD? Dish Network is Echostar Right? And YES, of Course DISH Network, Echostar Corporation WANTS TerreStar but Harbinger Capital, Lightsquared most likely has secret deals, back end connections and favors owed. I Say Harbinger Capital Lightsquared WILL Get Terrestar. And Lightsquared is the Same as Sprint as far as this conversation goes... they are in Deals Together..

Lightsquared and Sprint


July 2010, OOPS now they are in Bed Together....

DBSD and Echostar, DISH Network Links




Don't Forget that DBSD North America Inc. IS ICO Global Communications Holdings, which is Craig McCaw founder of Clearwire Corp. and don't forget Eagle River, the Investment Company of Craig McCaw. AND Clearwire Founder Craig McCaw has HUGE interest in AT&T


I say that Echostar - Dish Network Never Really had a Chance at TerreStar for REAL


McCaw Cellular now part of AT&T - Clearwire - Craig McCaw heavily invested in AT&T (Smoke and Mirrors) they are all in this Together, Right?


McCaw Cellular; sold to AT&T in 1993 for $11.5 billion

Posted Here by
Investigative Blogger
Crystal L. Cox

Got a Tip on any of this?

Crystal@CrystalCox.com




Singnet Pte Ltd

Singapore, Singapore
Singnet Pte Ltd (219.75.46.75) [Label IP Address]
www.sanjivahuja.com/2011/02/falcones-broadband-plan-lightsquared.html


Lightsquared Qualcomm Archives

"LIGHTSQUARED INKS DEALS WITH QUALCOMM, WHOLESALE PARTNERS

Satellite-based communications provider Lightsquared this week announced that Qualcomm will develop chipsets that will enable 1.6 GHz terrestrial LTE and satellite access and two partners that plan to buy wholesale capacity on the Lightsquared’s proposed integrated ancillary terrestrial components (ATC) network.

“We’ve been paying the R&D costs and working directly with Qualcomm to develop the next of their mainstream chips coming off their assembly line that will have the L-Band technology in it,” Lightsquared spokesman Tom Surface said. “These chips can now do multimode capability; one of the modes that will be in this [Qualcomm MDM9600] chip will have the ability to communicate on our network — both satellite and terrestrial.”

In addition, Lightsquared has announced its intent to accelerate its cooperative agreement with Inmarsat, which will give the satellite provider 40 MHz of contiguous spectrum that will be used for its terrestrial LTE network, Surface said.

Being built by Nokia Siemens Networks for $7 billion, the Lightsquared LTE network is expected to have about 40,000 sites and cover 92% of the U.S. population by the end of 2015.

Under the ATC model, users within the footprint of the LTE network will utilize that connectivity; users outside the terrestrial network will connect via Lightsquared’s satellite infrastructure. Lightsquared also will reserve 6 MHz of spectrum for satellite-only use, Surface said.

Lightsquared will not be a retail provider of communications services over its ATC; instead, the company will sell capacity on its network on a wholesale basis, Surface said. Thus far, Lightsquared has completed agreements with two unannounced partners and is in “very advanced negotiations” with 11 others, he said.

These partners and potential customers come from numerous sectors, including retailers, carriers, rural wireline provider and even consumer-electronics companies, and are seeking connectivity via myriad models, Surface said.

“Some of our partners will choose only terrestrial and some will choose only satellite, but we do have the integrated service that can go either way,” he said, noting that tiered pricing will be based on service levels. “Some of the folks that we see being our partners will basically just need our capacity. Others will need billing support and back-office support.”

Lightsquared is scheduled to launch the first of its next-generation satellites in mid-November, with service on that infrastructure being available during the first half of 2011. From a terrestrial perspective, four pilot networks are scheduled to be in place early next year. Wireless-device suppliers AnyDATA and BandRich have announced they will used the Qualcomm MDM9600 chipset to build embedded modules, USB data modems and other devices that will be available during the second half of 2011."


Source of Lightsquared, Qualcomm, Sanjiv Ahuja, Philip Falcone Post
http://urgentcomm.com/networks_and_systems/news/lightsquared-qualcomm-deal-20101007/

"Falcone's Broadband Plan" Lightsquared

Friday, February 25, 2011

Transact Canberra - Researching Sanjiv Ahuja, TerreStar, Lightsquared,

Canberra, Australian Capital Territory, Australia
Transact (203.129.44.194)

Sanjiv Ahuja - Zeitgeist Europe

Sanjiv Ahuja at Zeitgeist Europe 2007



Posted by
Investigative Blogger
Crystal L. Cox
Crystal@CrystalCox.com

Sanjiv Ahuja Lightsquared Researched By Qwest Communications and More.

Sanjiv Ahuja - Lightsquared Researched by ...

Saint Paul, Minnesota, United States
United Healthcare Corporation
(198.203.175.175)

Pittsburgh, Pennsylvania, United States
Continental Broadband Pennsylvania (206.210.91.10)

Telluride, Colorado, United States
Qwest Communications (205.168.180.61)

Wayzata, Minnesota, United States
Agency Trading Group (65.46.169.34

Milan, Lombardia, Italy
Eni Spa (151.96.3.242)

Dallas, Texas, United States
Paymentech (206.253.190.41)

Islamabad, Pakistan
PTCL Triple Play Project (119.153.37.168)


Sanjiv Ahuja, Lightsqured, Philip Falcone, Harbinger Capital Partners - Sprint Deal in the Works?

Look Beyond the Illusion Folks

"Sprint talking LTE Network deal with LightSquared?

When WiMax Clearwire announced its latest financial results, it claimed the company was on the verge of resolving its long-running dispute with Sprint over billing for wholesale WiMax services.

Although the mobile community is still waiting to see what that “imminent” solution might be, Sprint is apparently looking for ways to provide 4G that don’t involve Clearwire: at this month’s Mobile World Congress the company indicated it’s considering building out LTE 4G services using its own spectrum licenses, and now Bloomberg reports Sprint is in talks with LTE network operator LightSquared about building out LTE services.

LightSquared is looking to build out its own 4G LTE-based wireless broadband infrastructure, in hopes of competing with the likes of AT&T and Verizon.

Backed by billionaire Philip Falcone ’s Harbinger Capital private hedge fund, LightSquared has committed itself to building out a combined tower-and-satellite network that can reach 100 million Americans by the end of 2012, and 260 million Americans by 2016, and the company has recently received a waiver from the FCC that allows it to sell non-satellite handsets—a move that should make its services a lot more appealing to customers who balk at high handset costs. "


Thursday, February 24, 2011

Sanjiv Ahuja - Lightsquared Inc.

Video Introduction from Sanjiv Ahuja on Lightsquared Inc.



posted by
Investigative Blogger
Crystal@CrystalCox.com

Sunil Bharti Mittal, Sanjiv Ahuja, Dr Mohamed Ibrahim

Sanjiv Ahuja - JP Morgan Loan -

"

LightSquared confirms US$586M loan deal

US wholesale LTE operator LightSquared has secured US$586 million of funding in the form of a loan from UBS AG and JP Morgan. The company says it will use the finance for “general corporate purposes” as it attempts to deploy the country’s first wholesale-only hybrid satellite/LTE network. In a statement, Sanjiv Ahuja, CEO, said:


“Our investors share our belief that now is the time for a wholesale model to succeed, as we will bring desperately-needed 4G capacity to businesses, consumers, government and public safety users through a wide variety of retail partners which will sell services based on our integrated terrestrial and satellite network. We are deploying the most advanced network while offering service at a lower price, because as a pure wholesaler, we will not have retail overhead.” In the last seven months LightSquared has raised more than US$2 billion in debt and equity.

The company plans to go commercial in the third quarter of 2011 and is using Nokia Siemens Networks as its infrastructure vendor. It is reported to have signed agreements with its first five customers – “two carriers, a national retailer, a device manufacturer and a website” – although this has yet to be confirmed by the parties involved.

US LTE networks have already been launched (on a retail basis) by MetroPCS and Verizon Wireless, with AT&T due to switch on next year."

Source of Sanjiv Ahuja Post

http://www.mobilebusinessbriefing.com/article/lightsquared-confirms-us-586m-loan-deal