LightSquared With $1.25 Billion Asks U.S. for Mobile Licenses

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With $1.25 Billion LightSquared Asks U.S. for Mobile Licenses
Wireless venture LightSquared Inc., emerging from bankruptcy, asked U.S. regulators to clear the way for its renewed quest to set up a mobile broadband service covering the U.S.

Regulators should transfer airwaves licenses to the entity to be known as New LightSquared, a company subsidiary said in an April 6 filing posted Tuesday on the website of the Federal Communications Commission.