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LightSquared posts $47.17 million June net loss, $3.65 million sales
By Caroline Salls
Pittsburgh, July 13 - LightSquared Inc. reported a $47.17 million net loss for June on $3.65 million in revenues, according to its monthly operating report filed July 13 with the U.S. Bankruptcy Court for the Southern District of New York.
The company had $210.99 million in cash and cash equivalents at June 30.
LightSquared, a Reston, Va.-based wholesale-only 4G-LTE network integrated with satellite coverage, filed for bankruptcy on May 14. Its Chapter 11 case number is 12-12080.
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