LightSquared Files New FCC Proposal

Pia Bergqvist

Tuesday, October 02, 2012 at 10:42 PM ET

Verified

Key Takeaways:

LightSquared is actively seeking FCC approval to launch its wireless satellite network, despite facing pending bankruptcy and previous regulatory rejection due to alleged GPS interference.
The company has filed a new request with the FCC, proposing to use its controversial 5 MHz of spectrum (which it claims does not cause interference) alongside another 5 MHz to be shared with the government.
Beyond regulatory and financial hurdles, LightSquared also navigates new leadership appointments and legal challenges involving its controlling equity holder, Phillip Falcone, who faces an SEC lawsuit.

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LightSquared is not giving up its battle to launch its wireless satellite network despite a pending bankruptcy, The Wall Street Journal reported on Friday.

The company wants to launch the network using its 5 MHz of spectrum, which LightSquared claims hasn’t caused the GPS interference that led the Federal Communications Commission (FCC) to prevent the network launch earlier this year. The company also wants to use another 5 MHz of spectrum to be shared with the government.