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Falcone’s LightSquared Tells U.S. Its Plan Cuts Interference

Philip Falcone’s LightSquared, seeking to quell criticism of its proposed $15 billion wireless venture, told regulators it would resolve potential interference for more than 99 percent of global-positioning system users.

LightSquared won’t initially use all of its allocated airwaves and is prepared to work with GPS users affected by its proposed service for 260 million people, according to a filing today with the Federal Communications Commission, which regulates spectrum.