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LightSquared Financier Personally Asks FCC For Approval LightSquared Financier Personally Asks FCC For Approval

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LightSquared Financier Personally Asks FCC For Approval

The beleaguered wireless company LightSquared brought out the big guns in a meeting with top Federal Communications Commission officials last week.

Billionaire financier Philip Falcone, who has been the major source of funding for the company, joined LightSquared vice president Jeffery Carlisle to press the commission to approve LightSquared 's planned nationwide wireless network.

The proposed network has bogged down because tests show it interferes with global positioning systems, and LightSquared is reportedly running low on cash.

"We... reiterated that LightSquared has invested millions of dollars during the past 12 months in conducting tests and developing filtering solutions to resolve issues with GPS receiver design that causes devices to look into spectrum licensed to LightSquared," the company wrote in disclosure documents posted on the FCC website. "As a result, the scope of the GPS technical issues has been narrowed considerably."

Falcone, Carlisle, and a consultant met on Jan. 4 with Edward Lazarus, chief of staff for FCC chairman Julius Genachowski; Amy Levine, Genachowski's special counsel & legal adviser; and Paul de Sa, chief of the Office of Strategic Planning & Policy Analysis.

The FCC has promised not to give LightSquared a green light until the interference issues have been resolved.

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