LightSquared finds new investors for network buildout
From Bloomberg: LightSquared Inc. has raised $265 million of additional funding from new and existing investors for building out its network and other corporate expenses.
LightSquared has now raised a total of $2.3 billion in the past year, according to a statement from the company. The company may need to raise as much as $4 billion to construct its so-called fourth-generation network, Jonathan Chaplin, a Credit Suisse Group AG analyst in New York, said in May. Read the entire article here.