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LightSquared CEO Resigns
Falcone Insists They'll Continue to Try
by Karl Bode 02:30PM Tuesday Feb 28 2012
With the company all but dead after being denied a necessary FCC spectrum condition waiver, LightSquared CEO Sanjiv Ahuja is getting out while the getting is good. The company released a statement this afternoon announcing that Ahuja resigned his position, but will continue to serve as chairman of the board. While the company hunts for a new CEO, they're appointing chief network officer Doug Smith and CFO Marc Montagner as co-Chief Operating Officers.

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“Sanjiv has shown great leadership in bringing the LightSquared vision to this point, including leveraging his experience in the telecom industry to sign dozens of critical partnerships across the country," said LightSquared's chief financial backer Phillip Falcone in a statement. "As the company takes the next step forward, we continue to be excited about the prospects and look forward to working with new leadership to accomplish our goal of building and operating an innovative, competitive wireless network."

The next step forward is most likely into nonexistence, and the thirty-five wholesale partners Ahuja signed deals with will likely now simply look to Sprint or Clearwire for their connectivity needs. The FCC doesn't appear eager to bend on the necessary condition, and it remains unclear if LightSquared intends to sue the agency as they had once promised. Despite dwindling hope and resources, Falcone insists they still hope to build an actual network someday.

“We are...committed to working with the appropriate entities to find a solution to the recent regulatory issues. We, of course, agree that it is critical to ensure that national security, aviation and the GPS communities are protected. I am confident that working together, we can solve this problem and bring the American consumer the lower priced 4G wireless alternative they need and deserve," Falcone said.

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FFH5
Premium
join:2002-03-03
Tavistock NJ
kudos:5

Lightsquared accused of buying FCC decisions in past years

»dailycaller.com/2012/02/28/light···e-house/

The Daily Caller first reported one week ago on emails and documents that indicate the Federal Communications Commission propped up LightSquared with favorable regulatory decisions as company executives met with administration officials at the White House and in other places. Obama’s FCC also appears to have used its regulatory muscle to eliminate LightSquared’s competitor, GlobalStar.

TheDC also uncovered a pattern of political contributions to Democrats that appear engineered to create a favorable political climate for LightSquared. Ahuja, who had never donated to Democrats before and has not since, gave the maximum allowable $30,400 contribution to the Democratic National Committee on the same day his lawyers were trying to arrange a meeting for him at the White House with top Obama technology adviser Aneesh Chopra and other officials.

»dailycaller.com/2012/02/21/docum···olyndra/

In emails between Ahuja’s lawyers and White House officials Ahuja wanted to meet with, his lawyers pointed out that he would attend an Obama fundraiser on or about the same day he wanted the meeting.

LightSquared spokesman Terry Neal did not immediately respond to TheDC’s request for comment on the possible connections between Ahuja’s resignation and revelations published exclusively by TheDC.


The Obama administration FCC approved Harbinger’s purchase of SkyTerra after what appeared to be a series of favorable regulatory decisions amid White House visits.

In the press release, Falcone said he remains confident in LightSquared’s future despite these new revelations and the company’s reported challenges related to GPS interference issues.

What did Lightsquared do to have the FCC finally rule against them - stop paying the Dem party for favors?

Edit: Falcone also put himself on Lightsquared's Board of Directors. I guess he wants to keep a closer eye on his minions.
--
The nine most terrifying words in the English language are, I'm from the government and I'm here to help.
»www.politico.com/2012-election/


KrK
Heavy Artillery For The Little Guy
Premium
join:2000-01-17
Tulsa, OK

Re: Lightsquared accused of buying FCC decisions in past years

They tried to just muscle it through by paying contributions, a strategy that has worked for telecom giants for years.

... there's a catch though.... they were up against OTHER telecom giants and other big interests this time.

Simply put: They were up against other money set against them. Washington at it's finest. I think Lightsquared was particularly arrogant about it as well, they kept making clear statements, thinly disguised that if things go their way they'll pay. Much like the AT&T merger with T-Mobile, they just figured they'd throw cash and get what they wanted.

They both failed.
--
"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini

FFH5
Premium
join:2002-03-03
Tavistock NJ
kudos:5
A House committee is going to investigate the FCC over their Lightsquared decisions:
»thehill.com/blogs/hillicon-valle···tsquared

KrK
Heavy Artillery For The Little Guy
Premium
join:2000-01-17
Tulsa, OK

Re: Lightsquared accused of buying FCC decisions in past years

Ah, more money from Telecom interests at work.

Also, it's an election year so they'll want to try and score political points as well, but will be very careful to limit the scope of the investigation so it won't splatter over to their own interests. (Such as AT&T influence, etc)

tshirt
Premium
join:2004-07-11
Snohomish, WA
kudos:5

How much better it could have been...

...if they had invested the money in SPRINT to do the LTE buildout.
Or maybe bought T-mo and pushed that LTE buildout
instead of risking it all on a 1 in 100 pipe dream.

DataRiker
Premium
join:2002-05-19
00000

Insists he got his

I guess he figures he's rode this toilet long enough, time to get out!

FFH5
Premium
join:2002-03-03
Tavistock NJ
kudos:5

Re: Insists he got his

said by DataRiker:

I guess he figures he's rode this toilet long enough, time to get out!

More likely Falcone threw him overboard due to his inability to get the FCC to approve their project rollout. And now Falcone is on the Bd of Directors himself to keep a closer eye on things.

N3OGH
Yo Soy Col. "Bat" Guano
Premium
join:2003-11-11
Philly burbs
kudos:2

Re: Insists he got his

My thoughts were more along the lines of the rats scurrying to get off a sinking ship, but same concept.

Lightsquared, the BPL of the new decade!
--
Petty people are disproportionally corrupted by petty power
elister

join:2006-07-17
Seattle, WA

1 recommendation

And he would have gotten away with it...

... if it wernt for those meddling GPS signals!

Oh_No
Trogglus normalus

join:2011-05-21
Chicago, IL

LOL

He flees after his so called "experience" failed in bribing the FCC to allow them to do something stupid.

Now he is free to go back to India and ruin their GPS reception.
guppy_fish
Premium
join:2003-12-09
Lakeland, FL
kudos:3
Reviews:
·Verizon FiOS

Yes Men

This failed for one simple reason

The hedge fund owner knows nothing about technology, so he hires a bunch of YES men. Guess what, he got what he paid for

You don't start a technology based business unless the technology is proven, which is never was in this case
mad monk

join:2007-11-02
usa east coa

needed better lobbyists

Obviously they didn't have the right lobbyist. They should have taken the "green" approach or maybe doing it for the children...but i digress.

Pakapab
Premium
join:2002-03-17
Cap Haitien

Light dead satellite

I'd still like to know what they are gonna do with that big ass satellite up there. Isn't it supposto be one of the biggest ones up there, ..... That is sure a big ass piece of expensive space s$&! Up there!!!
I'm surprised the dude didn't get fired out right, just goes to show these folkes hedged their bets, I think they might get something outa this after all. Does anyone know what the pay load on that bird is, I wounder what else it could be used for.
HIPAR

join:2005-11-10
Tannersville, PA

Re: Light dead satellite

Lightsquared still provides satellite communications so I'd suppose their satellite still can be utilized in that role. Perhaps it might still be able to bring internet to remote places.

There's no GPS compatibility problem with the satellite to earth signals but the uplink from ground terminals might still be a problem for nearby GPS receivers.

The problem is a financial one .. can the revenue delivered from the satellite operations offset operating costs?
ptbarnett

join:2002-09-30
Lewisville, TX

Re: Light dead satellite

said by HIPAR:

There's no GPS compatibility problem with the satellite to earth signals but the uplink from ground terminals might still be a problem for nearby GPS receivers.

No, LightSquared's satellite is licensed for uplink in the 1626.5-1645.5 MHz and 1646.5-1660.5 MHz bands. GPS downlink frequencies are 1575.42 MHz (L1) and 1227.60 MHz (L2).

LightSquared is licensed for 1525-1544 MHz and 1545-1559 MHz for their _downlink_, but at that power level, it won't interfere with GPS.
ptbarnett

join:2002-09-30
Lewisville, TX
said by Pakapab:

I'd still like to know what they are gonna do with that big ass satellite up there.

SkyTerra 1 was designed for satellite data service to ground users. It has a huge reflector, which reduces antenna size and power consumption in mobile handsets.

It also has the ability to point up to 500 spot beams at North and South America, allowing reuse of frequency/bandwidth among users that are geographically separated.