LightSquared Poised for a Return | Aviation International News

LightSquared Poised for a Return

By John Sheridan

November 3, 2012

Just when it seemed that LightSquared and its threat to GPS had finally faded away, following the February withdrawal of its operating licenses by the U.S. Federal Communications Commission (FCC), the company is back again, with new plans and, more surprisingly, a modest degree of FCC support. In addition, LightSquared owner Philip Falcone appears to have mollified the concerns of his investors, who just a few weeks ago were attempting to legally break the remaining several months of reorganization protection the company was granted after declaring bankruptcy in May, to recover the roughly $1.4 billion they have invested in the company.

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