Kyle
Lightsquared, the disgraced Northern Virginia startup that was once trying to deploy a terrestrial 4G/LTE network has appointed Doug Smith as their new CEO and Chairman of the board. LightSquared was once an esteemed satellite communications provider. What went wrong was a story that ran for about a year in the mobile tech media.
LightSquared was working to deploy a 4G/LTE network on bands that were originally used for GPS. There was still fair amounts of GPS traffic on the LightSquared bands and LightSquared was causing interference with those GPS radios. As the company went to work on the 4G/LTE network they were operating on a conditional permit from the FCC which required that they find ways to circumvent the interference caused by LightSquared’s equipment on GPS radios.
In February of this year it was lights out for LightSquared. “NTIA … has now concluded that there is no practical way to mitigate potential interference at this time,” the FCC said in a statement. “Consequently, the commission will not lift the prohibition on LightSquared.”
Through all of this LightSquared had inked partnerships with some of the nation’s wireless carriers. Reports in June of 2011 suggested Sprint had a deal with LightSquared for 15 years and valued at over $20 billion dollars. Leap Wireless, the parent company of Cricket, also had a deal with LightSquared. Luckily the Sprint deal was contingent on FCC approval of LightSquared’s plans.
On February 22, 2012 LightSquared laid off 45% of it’s 330 employee workforce. Earlier in that same week they defaulted on a $56 million dollar payment on a note held by British satellite partner Inmarsat.
Fast forward to Tuesday of this week and LightSquared has installed a new CEO and Chairman of the Board.
Smith told theverge.com that LightSquared “remains committed to working with all stakeholders to find an equitable resolution to the regulatory challenges that the company has faced this past year,” and that it “can provide the American public with both a protected and robust GPS system while enabling LightSquared to offer consumers and businesses more choice and a lower priced 4G wireless alternative they need and deserve.”
We’ll have to see how long this life lasts.
Linkage:
Source: TheVerge
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