LightSquared Seeks Stay From FCC Feb 27 2012 | 1:40pm ET
Grasping at straws and perhaps merely postponing the inevitable, Harbinger Capital Management's wireless Internet venture has asked the Federal Communications Commission for an extension on its death sentence.
LightSquared asked the FCC, which earlier this month said it would revoke the company's preliminary waiver to use satellites to provide mobile Internet services. A comment period on that decision is set to expire on Friday. But LightSquared asked the regulator to extend that period to March 30.