This is good news. It should be a scandal, but it won’t be.
Now, will this “green” Obama contributor be forced to file for Bankruptcy?
LightSquared had what seemed like a good idea but one that could have been and should have been shot down by the engineers right from the get-go.
The practical limits on filtering out of band transmit signals to levels that would not interfere with existing (and future) systems operating in the adjacent frequency bands is well established science. You don't need to build up a huge system to prove that it isn't. The performance of a system like LightSquared pursued is easily simulated and that should have been all it took to shoot down the idea long before serious money was invested in both the system design and the the equally foolish contributions to the Obama presidential campaign.
And, IMHO, despite the fear that the politicians would, via the FCC, succeed in overruling this science, that possibility was never in the cards. The political push-back which we have seen was and is too much for even The One to fend off.