LightSquared Files New FCC Proposal

Pia Bergqvist

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

Verified

Key Takeaways:

LightSquared is continuing its efforts to launch a wireless satellite network despite facing bankruptcy proceedings.
The company has requested FCC approval to use 10 MHz of spectrum (5 MHz it claims doesn't cause GPS interference, plus another 5 MHz to be shared with the government), following an earlier FCC decision that prevented its network launch.
In addition to regulatory and financial hurdles, LightSquared faces challenges from an SEC lawsuit against Phillip Falcone and his Harbinger hedge fund, which controls the company's equity.

See a mistake? Contact us.

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.