LightSquared is slated to exit bankruptcy on May 31, and is required to have its future reorganization plan complete by July15.
Since LightSquared’s bankruptcy last fall, a common perception was that the company had thrown in the towel and the GPS industry could cease looking over its shoulder, breathe a sigh of relief and get back to the navigation business. But that was not to be. In fact, what we have seen is more an extended time-out than a cessation of hostilities, as the combatants consolidated their positions. But neither has offered a cease-fire or surrender.
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.
Since the withdrawal of approval in February for LightSquared’s planned use of frequencies adjacent to those of GPS to set up a nationwide 4G mobile broadband network, things have recently taken an unexpected turn. The U.S. Federal Communications Commission (FCC) withdrew LightSquared’s approval earlier this year after transmission tests revealed interference issues with GPS receivers.