LightSquared CEO Resigns
Falcone Insists They'll Continue to Try
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.
“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.
Lightsquared accused of buying FCC decisions in past years »dailycaller.com/2012/02/28/light···e-house/
What did Lightsquared do to have the FCC finally rule against them - stop paying the Dem party for favors?
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. Obamas FCC also appears to have used its regulatory muscle to eliminate LightSquareds 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.
In emails between Ahujas 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 TheDCs request for comment on the possible connections between Ahujas resignation and revelations published exclusively by TheDC.
The Obama administration FCC approved Harbingers 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 LightSquareds future despite these new revelations and the companys reported challenges related to GPS interference issues.
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.
Re: Insists he got his
said by DataRiker: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.
I guess he figures he's rode this toilet long enough, time to get out!
And he would have gotten away with it... ... if it wernt for those meddling GPS signals!
Re: Light dead satellite
said by HIPAR: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).
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.
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.