{"id":84579,"date":"2011-07-06T17:23:20","date_gmt":"2011-07-06T09:23:20","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/lightsquared-raises-12-month-financing-total-to-2-3-billion\/"},"modified":"2011-07-06T17:23:20","modified_gmt":"2011-07-06T09:23:20","slug":"lightsquared-raises-12-month-financing-total-to-2-3-billion","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/lightsquared-raises-12-month-financing-total-to-2-3-billion\/","title":{"rendered":"LightSquared Raises 12-Month Financing Total to $2.3 Billion"},"content":{"rendered":"<p>[07-06-11] Wholesale integrated 4G-LTE wireless broadband and satellite network provider <b>LightSquared<\/b> has raised an additional $265 million in capital drawn from both existing and new investors in the company, the company announced July 5.<\/p>\n<p>&nbsp;&nbsp; LightSquared said it would use the funds for general corporate purposes, which includes constructing its 4G-LTE wholesale network. The latest financing gain puts LightSquared\u2019s 12-month fundraising total at more than $2.3 billion.<br \/>\n&nbsp;&nbsp; \u201cThis latest round of financing signals another endorsement by the financial markets of our business model, and LightSquared\u2019s intent to use private capital to build out a new network to meet the growing demand across this entire nation for wireless broadband access,\u201d LightSquared Chairman and CEO Sanjiv Ahuja said in a statement.<br \/>\n&nbsp;&nbsp; LightSquared is currently negotiating with the <b>U.S. Federal Communications Commission<\/b> and GPS manufacturers regarding potential GPS signal interference issues caused by LightSquared\u2019s 4G LTE network signals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[07-06-11] Wholesale integrated 4G-LTE wireless broadband and satellite network provider LightSquared has raised an additional $265 million in capital drawn from both existing and new investors in the company, the company announced July 5. &nbsp;&nbsp; LightSquared said it would use the funds for general corporate purposes, which includes constructing its 4G-LTE wholesale network. The latest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-84579","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84579"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=84579"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84579\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=84579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=84579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=84579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}