LightSquared defaults on Inmarsat payment (Reuters)

[unable to retrieve full-text content]Reuters - Satellite firm Inmarsat said its partner LightSquared, a venture struggling to build a U.S. mobile broadband service with Inmarsat's spectrum, had failed to pay a $56.25 million instalment to the British company.

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/nm/20120220/tc_nm/us_inmarsat

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