News
LightSquared Pays Inmarsat $56 Million To Resolve Default
Fri, 04/20/2012 - 7:56am
Billionaire Phil Falcone's wireless start-up, LightSquared Inc., made a $56.25 million payment to Inmarsat PLC to resolve a default under their spectrum cooperation agreement, giving the troubled company more time to gain approval for a wireless service.
