Hi all,

FYI. Link enclosed.

Take care,

Jay

LightSquared Submits GPS Report to FCC

By REUTERS, June 30, 2011

http://www.nytimes.com/reuters/2011/...gewanted=print

NEW YORK (Reuters) - LightSquared, the telecom startup backed by Philip Falcone's Harbinger Capital hedge fund, said on Thursday that it had filed a long-awaited report detailing interference problems with GPS services.

The company, whose plans to build a high-speed wireless network have come up against strong opposition from GPS users because of interference issues, called for cooperation from the GPS community to help resolve the problem.

If LightSquared manages to overcome interference problems, it would also need billions of dollars in additional funding, on top of the $3.1 billion Harbinger has already sunk into the company, to build its network.