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Congress, FCC Moves Close Out Options for LightSquared

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Old February 11th 14, 03:47 PM posted to sci.geo.satellite-nav
Sam Wormley[_2_]
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Posts: 775
Default Congress, FCC Moves Close Out Options for LightSquared

Congress, FCC Moves Close Out Options for LightSquared

The prospects for LightSquared dimmed this month with both the
Federal Communications Commission (FCC) and Congress making decisions
likely to hamper the firmís plans to exit bankruptcy.

LightSquared, a Virginia firm that planned to build a nationwide
wireless broadband network until its signals were shown to interfere
with GPS receivers, has proposed a bankruptcy plan with financing
that depends on FCC approval. To meet the financing conditions of the
plan, the commission must take half a dozen actions, including
approving the use of certain segments of spectrum and permitting
signal power limits comparable to other 4th Generation LTE wireless
communications networks.


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