LightSquared Requesting the FCC Require Stricter GPS Device Standards
LightSquared, the business which has invested billions of dollars developing a entire-sale only wireless broadband network, filed a document with the FCC concerning stricter specifications of GPS devices. LightSquared believes that signals that are utilised as component of GPS bands are the culprit of interference on the spectrum that they’ve chose to use for their services. Originally, that spectrum was supposed to be a satellite-only sort of deal, but the FCC cleared it for terrestrial use back in 2005. The FCC also granted the business a waiver so LightSquared could run a terrestrial-only network.
Now, due to Sprint delivering an ultimatum, LightSquared is pressed for time in reaching a resolution for all these interference concerns. Losing a extended-term multi-billion dollar deal like the a single struck with Sprint could be probably catastrophic for LightSquared, especially when you couple it with LightSquared’s largest investor, Harbinger Capital Partners, who final 12 months reported a whopping 46.6 % worth loss. Although the possible of LightSquared can be valued very large in my opinion, it would seem that if it can not strike a deal with the FCC, we may well be seeing a little far more sinking than swimming.
Source: CNET
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