Lightsquared’s Bankruptcy: VZ, T and Icahn Among Big Winners – ValueWalk Premium
Carl Icahn

Lightsquared’s Bankruptcy: VZ, T and Icahn Among Big Winners

 

Phil Falcone's attempt to shake up the cellular data market in the United States has all but failed. His company Lightsquared, which has taken a chunk of the value out of Falcone's Harbinger Capital, filed for Chapter 11 bankruptcy protection yesterday in a move many saw coming. The firm failed to get its creditors to agree to a deal that would give the company more time. The wreckage being colossal it seems there's no turning back for the company.

As in . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

0