LightSquared to Be Blocked by U.S. on Interference Report

LightSquared to Be Blocked by U.S. on Interference Report

“Yesterday, after LightSquared had already spent nearly $4 billion, the FCC changed its mind,” LightSquared Inc. Chief Executive Officer Sanjiv Ahuja said. “There can be no more devastating blow to private industry and confidence in the consistency of the FCC’s decision-making process.” Andrew Harrer/Bloomberg