U.S. Federal Communications Commission

U.S. Federal Communications Commission News

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  LightSquared Withholds $56.3 Million Payment to U.K.’s Inmarsat

  Philip Falcone’s LightSquared Inc., the U.S. company struggling to gain approval for a wireless service, failed to pay British satellite operator Inmarsat Plc $56.3 million under a spectrum-cooperation accord.

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  Falcone, Harbinger Capital Sued by Investor Over LightSquared Investment

  Hedge fund manager Phil Falcone and his Harbinger Capital Partners were sued by a New York woman who claims she and others were misled about the fund’s decision to put most of the money they invested into LightSquared Inc.

• Falcone Tells Investors LightSquared Will Fight On After Setback

  Philip Falcone assured investors of his hedge fund that he’s only just begun the fight to build a high-speed wireless network, a plan rejected by U.S. regulators, said a person who was on the billionaire’s call with clients.

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  Falcone Airwaves Left With Dwindling Value After Rejection

  Philip Falcone may have to seek a buyer for LightSquared Inc.’s airwaves after regulators rejected his business plan. If he has to sell, the proceeds will probably be a fraction of what the billionaire invested.

• Clearwire Gets Boost as LightSquared Gets Blocked

  The U.S. Federal Communications Commission vowed to block LightSquared after the Obama administration found the wireless venture backed by hedge-fund billionaire Philip Falcone would disrupt navigation gear. Bloomberg's Jon Erlichman reports on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

• Falcone, LightSquared Say Interference With GPS Can Be Solved

  Hedge fund billionaire Philip Falcone said his LightSquared Inc. venture remains committed to finding a solution to interference problems that led U.S. regulators to reject the proposed nationwide wireless service.

• LightSquared to Be Blocked by U.S. on 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 Would Ruin Aviation With System, Carriers Say

  Philip Falcone’s LightSquared Inc. wireless service would have “ruinous effects” on aviation because of signal interference and its plan for a nationwide data network should be withdrawn, an airline trade group said.

• FCC Seeks Comments on LightSquared GPS Declaration Request

  U.S. regulators asked for public comments on LightSquared Inc.’s request for a finding that global-positioning system gear doesn’t merit legal protection from interference caused by the proposed wireless service.

• LightSquared Asks for More Tests After U.S. Cites GPS Disruption

  Philip Falcone’s LightSquared Inc. called for more tests of its proposed wireless service after U.S. officials said interference with the global-positioning system precludes quick approval of the venture.

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Related Topics

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  Philip Falcone

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  Sanjiv Ahuja

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  California

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