Falcone Urges FCC to Help Solve LightSquared Interference Issue
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Hedge fund billionaire Philip Falcone urged U.S. regulators to help resolve interference issues that have delayed government approval of his LightSquared Inc. wireless service.
Falcone and two LightSquared representatives met Jan. 4 with Federal Communications Commission staff and “emphasized the significant investment that has already been made in the LightSquared network,” according to a filing posted yesterday on the agency’s website.