Lot of smal news on the LightSquared front:
Today Sprint has desolved its partnership with the company. Sprint is returning $65 million in prepayments to LightSquared.
- Forbes
- LS press release ("It's best")
GOP Rep. Alan Nunnelee (Miss.) urged the Federal Communications Commission (FCC) to not block wireless startup LightSquared's planned 4G network in a filing with the agency [in a Feb 28 letter to the FCC].
- The Hill Blog
In a filing with the Federal Communications Commission’s (FCC) International Bureau, the American Soybean Association (ASA) and other organizations representing farmers and agribusinesses in all 50 states declared that “high-precision GPS technology is vitally important to American agriculture, and would be gravely harmed by LightSquared’s plans.”
- Delta Farm Press (The folks at the Save Our GPS Coalition distributed the ASA press release.)
LightSquared hired Ted Olsen, Bush's lawyer in Bush v. Gore, for its legal counsel going forward.
- Telcoms
Today (Friday Mar 16) is the last day for comments on the FCC's planned decision to deny LightSquared a license to proceed.
by Adena Schutzberg on 03/16 at 05:33 AM |
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Why LightSquared failed: It was science, not politics
- Ars Technica
Harbinger investors sue Falcone, Harbinger fund over LightSquared
- Total Telecom
Cornell is leading research into whether the northern lights interfere with GPS. The rocket launched Saturday in a NASA funded study. We're not going to let anything - natural or man-made interfere with our GPS!
- Denver Post
Struggling LightSquared seeks DoD spectrum swap; hedge fund investors line up to sue Falcone
- TeleGeography
LightSquared defaults on payment to spectrum owner
- CIO UK
Why You Should Regret LightSquared's Setbacks
- TechDirt
by Adena Schutzberg on 02/21 at 05:04 AM |
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With Tuesday's filing, LightSquared asked the FCC to enact new rules to require special design standards for GPS devices. In the filing, the company argued that GPS receivers could be fixed using filters or other technical modifications.
LightSquared acknowledges such a change may not help the company with its current woes, but would be good for both 4G and GPS providers in the future.
Jim Kirkland, general counsel of GPS-maker Trimble, a founding member of the Save Our GPS Coalition said Lightsquared is using the same "false premises and claims that LightSquared has repeated ad nauseam."
- The Hill
by Adena Schutzberg on 02/07 at 02:07 PM |
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“The companies have agreed to realigning our deployment timeline to coincide with potential FCC actions,” Scott Sloat, a spokesman for Overland Park, Kansas-based Sprint, said in an e-mail. Until approval is received, “both companies believe it is prudent to pull back on expenses,” he said.
Sprint has been working on buliding the network infrastructure in exchange for payments from LightSquared. Now that deal will cease until approval or perhaps non-approval.
- BusinessWeek
by Adena Schutzberg on 01/06 at 03:00 AM |
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Today LightSquared named Marc Montagner as its new chief financial officer after the previous one left the company Montagner brings some key experiese and experience: He worked on regulatory and technical issues for LightSquared’s predecessor company, SkyTerra and was in charge of acquisitions for Sprint, including the Nextel merger.
Sprint's deal with LightSquared is based on FCC approval of the wireless tech by the end of 2011. Of course, that didn't happen so Sprint generously gave LightSquared another month. But if that falls through, Sprint could walk away.
by Adena Schutzberg on 01/04 at 05:13 AM |
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