As many of you know, the last year or so has been a pretty tough one for Phil Falcone. In addition to a civil suit against him by Harbinger Capital investors, DWAI’s on the home front, and the pesky matter of being charged with securities fraud by the SEC, which would like to see him banned from the industry, what’s really been plaguing him has been the opposition encountered by LightSquared, his dream and the thing he’s more or less staked all his and his investors’ money on. Before it entered Chapter 11 bankruptcy in May, the most serious charge against the company was that while it may seek to create “convenient connectivity for all,” in doing so, the odds are high it would cause GPS interference that would result in boats getting lost at sea; “degrade precision services that track hurricanes, guide farmers, and help build flood defenses“; and, according to the FAA, “cost 794 lives in aviation accidents over 10 years with disruptions to satellite-aided navigation.” Now, four months later, the would-be wireless network has come back with a plan: LightSquared, but without all the murderous bits (for now).

Philip Falcone’s LightSquared on Friday made a proposal to the Federal Communications Commission that the company hopes will solve the regulatory issues surrounding its wireless satellite network and help it build its business faster without abandoning its long-term goals…LightSquared filed to modify its license application so it can use its five megahertz of spectrum that haven’t caused GPS worries. It also seeks to use another five that it would share with federal-government users. The other filing, a rulemaking petition, calls for LightSquared to forego using the “upper” 10 MHz that have caused GPS concerns. In the meantime, it still wants the FCC to consider use of that 10 MHz but agreed to wait for and cooperate with “operating parameters and revised rules for terrestrial use of this spectrum.”

Don’t get them wrong, they *want* to use the stuff that’s possibly GSP harmful, but in the meantime will be happy to use the stuff that isn’t, if that works for everyone.

LightSquared Proposes Sharing Wireless Network With Government [DowJones]

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Comments (13)

  1. Posted by Guest | September 28, 2012 at 2:36 PM

    Harbinger Capital investor: Yeah, sure! Who wouldn't?

  2. Posted by Jeffrey G. | September 28, 2012 at 2:37 PM

    What if I had a 22 inch cock, is that something you might be interested in?

  3. Posted by güest | September 28, 2012 at 2:45 PM

    Fantastic, out of the box thinking. Really impressive.

    - J. Paulson

  4. Posted by Im_a_Dude | September 28, 2012 at 2:49 PM

    is he popping a pimple in that pic?

  5. Posted by Lightsquared COO | September 28, 2012 at 2:59 PM

    Can we put antennas on it?

  6. Posted by Guesticles | September 28, 2012 at 3:02 PM

    You could probably start including Lisa's mugshot in all Harbinger posts. Halloween is coming up, ya know.

  7. Posted by Barney Frank | September 28, 2012 at 3:02 PM

    Go on….

  8. Posted by GPS Luser | September 28, 2012 at 3:20 PM
  9. Posted by home refinance interest rates | September 29, 2012 at 8:04 AM

    Hey There. I discovered your blog the usage of msn.
    That is a very neatly written article. I’ll be sure to bookmark it and come back to learn extra of your useful info. Thank you for the post. I will definitely return.

  10. Posted by Bob R | September 30, 2012 at 10:06 AM

    Always fun to see comments about boats getting lost at sea because of interference to certain types of unfiltered GPS devices experienced when physically near cell sites…which, as it turns out, are not actually deployed at sea. Also as much fun as seeing 'analysis' on napkins leaked from government hearings that describe planes crashing based on a linear extrapolation of air traffic from 20+ years ago (pre-GPS & other safety systems).

  11. Posted by Wilbur Fan | September 30, 2012 at 5:15 PM

    Hey Phil – go feed the pig. He's hungry.

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