LightSquared Dismisses Lawsuit, Moves Ahead With Low-Cost Wireless Network

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LightSquared Dismisses Lawsuit, Moves Ahead With Low-Cost Wireless Network
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A newly reorganized LightSquared LLC announced on Wednesday that it was voluntarily withdrawing its lawsuit against the U.S. government, the latest in a series of moves to bring the firm closer to launching its mobile wireless network.

The former LightSquared Inc. filed a notice in federal court Wednesday requesting the dismissal of its lawsuit against the U.S. LightSquared spokeswoman Ashley Durmer commented that dismissing the suit is “another step forward” in the company’s long-delayed goal of rolling out its plan for low-cost mobile wireless service to hundreds of millions of Americans.

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