Telecommunications
LightSquared sues Dish, Ergen over control of its broadband spectrum
According to a lawsuit filed by wireless communications firm LightSquared Inc, Dish Network Corp and its chairman, Charles Ergen had schemed to ensure that the latter would be able to obtain the former's broadband spectrum.
Corrected - Globe claims Bayantel buyout legal and aboveboard
Globe Telecom Inc legal counsel Froilan Castelo said his company did not violate anti-competition laws about the firm's acquisition of smaller rival Bayan Telecommunications Inc.
Venture capitalists turn to seed investing - report
A report by the coordinated efforts of MoneyTree, PricewaterhouseCoopers and the National Venture Capital Association indicated an increased activity in seed investments in venture capitalists.
Silicon Valley venture capital firm Luminari nabs USD8 million funding from British Sky
New Silicon Valley venture capital firm Luminari Capital obtained a USD8 million funding from pay-TV giant British Sky Broadcasting Group. Sky said that it wants to increase is exposure to US tech startups.