Tag Archives: waiver
22 states join California to sue the Trump admin over emissions standards
EPA pushes national fuel economy standard in face off with California
AT&T Plus trial winding down on March 31st
AT&T has been testing the viability of loyalty rewards through a limited AT&T Plus trial over the past year. Unfortunately, time's up: as you can see in the letter above, the carrier is shutting down the Plus experiment on March 31st, with discounts and fee waivers ending for existing members on May 31st. We wouldn't expect a follow-up in the near future when AT&T isn't moving past the trial level "at this time," according to a spokesperson we reached. Most of us won't be affected when the Plus test has been limited to a handful of areas, but perks are perks -- it's sad to see them go away.
[Thanks, Drew]
Filed under: Cellphones, Wireless, Mobile, AT&T
LightSquared officially files for Chapter 11 bankruptcy
As expected, May 14th is indeed a dark day for LightSquared. The company has just filed paperwork in order to initiate Chapter 11 bankruptcy proceedings in Manhattan's US Bankruptcy Court, effectively killing its dream of providing a high-speed mobile wireless network to upwards of 260 million people. Not quite a year after Sprint and LightSquared put together an agreement that would ensure 15 years of blissful LTE enjoyment together, Philip Falcone's baby looks weaker than ever. With the Sprint tie-up now void, and over $1.6 billion in debt, there's probably not too many places for LS to turn. The primary hurdle -- one it never could seem to overcome -- was the FCC's outright refusal to believe any of the company's mitigation proposals in relation to GPS interference issues. Despite "profoundly disagreeing" and raising all sorts of chaos in an effort to get its way, LightSquared never did manage to convince the powers that mattered. Where it turns from here is anyone's guess, but it won't be a quiet fall from grace, we're surmising.
LightSquared officially files for Chapter 11 bankruptcy originally appeared on Engadget on Mon, 14 May 2012 14:24:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | CommentsWSJ: LightSquared ‘preparing’ for bankruptcy protection filing, final decision coming tomorrow
Can't say it's striking us as any sort of surprise, but the seemingly destined-to-fail LightSquared just might be out of options. After getting a high-five from Sprint and plenty of attention for its initiatives in bringing yet another wireless option to America, those blasted GPS interference issues (or "supposed" issues, depending on who you ask) eventually became too much to overcome. According to a breaking report out of The Wall Street Journal, Philip Falcone's venture is seriously teetering on the edge of bankruptcy, as "negotiations with lenders to avoid a potential default faltered," according to the ever-present "people familiar with the matter." Purportedly, the two sides have until 5PM tomorrow to strike a deal that'll keep the firm out of bankruptcy court (if you'll recall, it owes over $1.6 billion dollars to various entities), but given just how far apart these sides remain, its fate seems all but sealed. We'll be keeping an ear to the ground for more, but don't go placing bets on yet another debt-term violation waiver.
WSJ: LightSquared 'preparing' for bankruptcy protection filing, final decision coming tomorrow originally appeared on Engadget on Sun, 13 May 2012 11:11:00 EDT. Please see our terms for use of feeds.
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