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[Satellite TODAY 02-29-12] LightSquared CEO Sanjiv Ahuja has resigned, the company announced Feb. 28. However, Ahuja will continue to serve as chairman of the board. In other news, Philip Falcone, CEO and CIO of Harbinger Capital Partners, has been appointed to the company’s board of directors.
It has been a tumultuous two weeks for the operator as its plans to build a mobile broadband network was thrown into doubt after recent events. The bad news started when the National Telecommunications and Information Administration (NTIA)issued a letter to the FCC in which it concluded, “LightSquared’s proposed mobile broadband network will impact GPS services and there is no practical way to mitigate the potential interference at this time.” The FCC then wasted little time in acting on this situation, and put a block on LightSquared’s plans.
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