LightSquared Requesting the FCC Require Stricter GPS Device Standards

by Josh O'Donnell on
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LightSquared, the company which has spent billions of dollars developing a whole-sale only wireless broadband network, filed a document with the FCC regarding stricter standards of GPS devices. LightSquared believes that signals that are used as part 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 type of deal, but the FCC cleared it for terrestrial use back in 2005. The FCC also granted the company a waiver so LightSquared could run a terrestrial-only network.

Now, due to Sprint delivering an ultimatum, LightSquared is pressed for time in achieving a resolution for all these interference issues. Losing a long-term multi-billion dollar deal like the one struck with Sprint could be potentially catastrophic for LightSquared, especially when you couple it with LightSquared’s largest investor, Harbinger Capital Partners, who last year reported a whopping 46.6 percent value loss. Although the potential of LightSquared can be valued quite high in my opinion, it seems that if it can’t strike a deal with the FCC, we might be seeing a little more sinking than swimming.

Source: CNET

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