FCC derails LightSquared broadband service

02/15/2012 | New York Times (tiered subscription model), The

The Federal Communications Commission has pulled its conditional authorization of a startup wireless broadband network operating on unused satellite spectrum because agency testing shows the proposed service would disrupt GPS technology. LightSquared, a Virginia-based company whose majority investor is New York hedge fund manager Philip Falcone, disputed the FCC's results as being "severely flawed" and pledged to find a solution that would satisfy the agency and GPS providers.

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