Posted on 02/15/2012 9:49:46 AM PST by jazusamo
FCC May Kill LightSquared's Plans for Wireless Revolution
I also know from reading that Falcone made donations to Obama and Democrats for expedited approval. What was their hurry? I can't feel too sorry for a company going bankrupt (if in fact they do) that was trying to pull off a scam to make millions if not billions and using political connections to do it.
Politically-connected LightSquared Pushes Wireless Internet Plan despite GPS Interference Concerns
They were fully aware of the problems but tried to get away with it but were nailed.
Thank you for posting them, and the original story also. All were very interesting reading.
The frequencies the company LS bought were never intended to be used by ground based “re-transmitters” screaming right next to GPS satellite whispers.
This is a perfect example of crony capitalism.
You’re most welcome, it’s good they were shut down and should have been sooner.
I posted a short article late yesterday afternoon that says LightSquared is going to fight this decision but I believe it’s just bluster on their part.
http://www.freerepublic.com/focus/f-news/2847030/posts
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