LightSquared Blow Gives Falcone Few Options to Salvage Value Billionaire Philip Falcone's effort to build a national wireless network was rejected by U.S. regulators, leaving him limited options to salvage value from his LightSquared Inc. assets and dealing a blow to efforts to increase industry competition. LightSquared Blow Leaves Falcone Few Options to Salvage Value Billionaire Philip Falcone's effort to build a national wireless network was rejected by U.S. regulators, leaving him limited options to salvage value from his LightSquared Inc. assets and dealing a blow to efforts to increase industry competition. FCC bans LightSquared over GPS interference LightSquared's plan to become a fifth major nationwide wireless carrier hit a major snag this week, after government regulators said they would continue to bar the company from launching its network. LightSquared to Be Blocked by FCC After U.S. Interference Report The U.S. Federal Communications Commission vowed to block LightSquared Inc. after the Obama administration found the wireless venture backed by hedge-fund billionaire Philip Falcone would disrupt navigation gear. LightSquared Remains Committed to Finding Resolution RESTON, Va., Feb. 14, 2012 /PRNewswire/ -- In response to the NTIA's recommendation to the FCC today regarding LightSquared's network, the company said it remains committed to finding a resolution with ... FCC Blocks LightSquared's Proposed Network The Federal Communications Commission moved on Tuesday to block LightSquared's planned nationwide wireless network over concerns that it cannot be fixed to coexist with global positioning systems. FCC Grudgingly Hangs Up On LightSquared Over GPS Concerns LightSquared suffered a potentially fatal blow today after the Federal Communications Commission said it would indefinitely suspend the company's license to turn on a combined satellite/terrestrial communications network because it would interfere with GPS systems operating on neighboring radio bands. FCC plans to suspend LightSquared's land network WASHINGTON (Reuters) - U.S. communications regulators dealt a severe blow on Tuesday to LightSquared's plans to establish a high-speed wireless network, proposing to withdraw authority for the land-based portion after government experts said it would interfere with the GPS system. The Federal Communications Commission (FCC) said it proposed to suspend indefinitely LightSquared's authority to ... LightSquared strums up political support LightSquared is rallying its political supporters together as it fights to get approval to build its wireless broadband network from the FCC. Originally posted at Signal Strength GPS saved? LightSquared dealt serious blow over interference The National Telecommunications and Information Administration (NTIA) ruled Tuesday that LightSquared will inevitably interfere with other devices, including GPS products -- a blow to the startup that may prove fatal.
Key Words: lightsquared
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