It’s official: LightSquared goes bankrupt. What’s next?

Hours away from defaulting on debt, LightSquared filed for bankruptcy protection. The company has said it would use the shelter of Chapter 11 to buy time in its fight to build its nationwide LTE network, but this could just be a prelude to a liquidation of assets.

Deal or die time for LightSquared; Will Dish swoop in?

LightSquared is preparing for a potential bankruptcy filing on Monday as it has made little progress in its negotiations with debtholders. If LightSquared does enter into bankruptcy it might find Dish Network waiting, eager to relieve it of its spectrum.

Can Carl Icahn pick up the pieces of LightSquared?

Carl Icahn has been quietly buying up LightSquared’s debt a rock bottom prices, which would put the activist investor in position to take over the company in the increasingly likely event of bankruptcy. But would there be anything left of LightSquared to salvage?