Several weeks ago, it was reported that government tests indicated LightSquared, Phil Falcone’s big bet in the sky, would cause “devastating interference” to all GPS devices in range. Then last Thursday, the National Space-Based Positioning, Navigation and Timing Systems Engineering Forum said the venture would “degrade global-positioning system navigation devices that are nearby and as far away as outer space.” LightSquared, shares of which Harbinger Capital investors will receive should they have requested their cash back from the fund, says do not worry, though, because they've got a plan.
Billionaire Philip Falcone’s LightSquared Inc. wireless venture said it will use a different set of airwaves for its service than originally planned to help prevent interference with U.S. global positioning-systems. LightSquared will offer its service on a block of airwaves, known as spectrum, that is controlled by satellite company Inmarsat Plc (ISAT) when it introduces service early next year, Chief Executive Officer Sanjiv Ahuja said in an interview...“We think this should resolve interference challenges for 99.5 percent of GPS receivers in this country,” said Ahuja in an interview. “We believe this clears the path for us to move forward with a coast-to-coast broadband network launch.”
Ahuja said the switch to Inmarsat’s spectrum will limit GPS interference for all but a limited number of users, such as farm equipment manufacturers. LightSquared also plans to reduce the power of its transmitters by more than 50 percent.
Oh, it better clear the path. 'Cause someone was promised seed money for his own start-up to
devise a synthetic bacon that actually tastes better than bacon,** thereby becoming a living god among pigs.
**Will never happen but if anyone can do it it's boy-genius Wilbur.