GigaOM Pro

Bloomberg has just reported that LightSquared has filed bankruptcy, ending weeks of negotiations that saw creditors twice give extensions in the hopes of avoiding such a move. But the filing may not be the final chapter for LightSquared, which still owns a ton of spectrum that seems to become more valuable by the day. There’s no shortage of potential buyers for that spectrum, from an established wireless giant like AT&T to multiple smaller players looking to bulk up — or just start — their own 4G networks. So LightSquared is likely to listen to all kinds of suitors as it plods its way through bankruptcy court.