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Domain: lightsquared.com
Stories and comments across the archive that link to lightsquared.com.
Stories · 3
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LightSquared Satellite Disabled By Last Week's Solar Storm
volts writes "Troubled LightSquared's primary Skyterra 1 satellite has been out of service since the solar storm on March 7. The company says it is 'working through the rebuild of the satellite tapping into the resources that were involved in the original program.' This development follows a stream of bad news including layoffs, default on payments, the resignation of CEO Sanjiv Ahuja and FCC rejection of a scheme to repurpose satellite frequencies for cellular data due to interference with GPS. Another kick in the teeth as company struggles to avoid bankruptcy." -
LightSquared CEO Resigns Amid Appearance of Bribery
New submitter msauve writes "LightSquared, the company who's request to use make use of spectrum in a way likely to interfere with GPS was recently denied, has suffered another setback. CEO Sanjiv Ahuja has now resigned, only a week after a report detailing political contributions and the personal financial interests of Obama and officials in his administration in SkyTerra, the precursor company to LightSquared. Ahuja's one and only contribution to the Democratic Party occurred on the same day he tried to arrange a meeting with Obama administration officials, apparently as part of LightSquared's desire to fast track FCC approval of a change beneficial to the company." -
FCC Bars Lightsquared From Using Airwaves
New submitter mc6809e writes with news that Lightsquared might have just been killed. From the article: "A proposed wireless broadband network that would provide voice and Internet service using airwaves once reserved for satellite-telephone transmissions should be shelved because it interferes with GPS technology, the Federal Communications Commission said Tuesday. The news appears to squash the near-term hopes for the network pushed by LightSquared, a Virginia company that is majority-owned by Philip Falcone, a New York hedge fund manager." LightSquared, naturally, continues to deny that the interference is real.