"LightSquared, the satellite-Internet venture backed by hedge fund billionaire Philip Falcone, said it raised $265 million from new and existing investors.
LightSquared aims to craft a nationwide wireless-Internet service using satellites. While the startup recently scored a network-sharing deal with Sprint, it has faced complaints about its interference with GPS devices. LightSquared also has become a bigger and bigger chunk of Falcone’s Harbinger hedge funds.
LightSquared in a statement said it will use the newly raised funds to build out its network and for other corporate purposes. LightSquared said it has raised more than $2.3 billion in the last year."
http://blogs.wsj.com/deals/2011/07/05/phil-falcones-lightsquared-raises-265-million/
Links to More Research on Philip Falcone, Harbinger Capital, Spectrum Brands
http://curtislublog.blogspot.com/
http://harbingercapitalpartners.blogspot.com/
http://philipfalconeblog.blogspot.com/
http://mssspectrum.blogspot.com/
http://sanjivahujablog.blogspot.com/
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