Wednesday, February 29, 2012

LightSquared woes continue as CEO steps down

Ill-fated USD7 billion open-access Long Term Evolution (LTE) start-up LightSquared has announced that Sanjiv Ahuja has resigned his position as chief executive officer with immediate effect. As previously reported by TeleGeography’s CommsUpdate, earlier this month LightSquared, which planned to build out a nationwide hybrid LTE network using terrestrial and satellite networks to provide nationwide coverage, saw its plans overruled by the Federal Communications Commission (FCC), which declared that the non-traditional spectrum in the 1.4GHz and 1.6GHz bands interfered with GPS satellite navigation devices and aircraft flight safety equipment. Subsequent weeks have seen the stricken company beset with myriad financial and legal problems.


View post:
OVETEL LightSquared woes continue as CEO steps down

No comments:

Post a Comment