Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

LightSquared CEO Resigns After US Torpedoes Network LightSquared CEO Resigns After US Torpedoes Network

This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Technology / TECHNOLOGY

LightSquared CEO Resigns After US Torpedoes Network

LightSquared CEO Sanjiv Ahuja has resigned.(MICHAEL PROBST/AP)

photo of Josh Smith
February 28, 2012

LightSquared CEO Sanjiv Ahuja has resigned after the Federal Communications Commission turned down the company's plan to build a nationwide wireless network, the company said.

LightSquared's proposed network was shown to interfere with global positioning systems, and Ahuja oversaw a failed lobbying battle to gain FCC approval. He will remain as chairman of the board.

Martin Harriman, an executive vice president with the company, is also stepping down.

 

The move could signal an even greater role for LightSquared’s controversial backer, Philip Falcone. As LightSquared’s top financier, Falcone has long been the public face of the controversy and will now take a seat on the board of directors.

Falcone’s Harbinger Capital Partners hedge fund has put about $3 billion into the LightSquared venture and on Tuesday Falcone vowed to take an “aggressive approach” to ensure the company has enough money to operate. Last week LightSquared said it is cutting 45 percent of its 330-person workforce.

Falcone did praise Ahuja’s “great leadership in bringing the LightSquared vision to this point.” He specifically cited Ahuja’s successful efforts to form partnerships with other companies.

Ahuja became the first CEO of LightSquared when the company was formed out of other satellite communications companies in 2010. The company called him a “telecommunications visionary” with a successful record of building new wireless networks in Europe, Africa, and Asia.

Ahuja served as the CEO of the telecom giant Orange Group from 2004 to 2007. In 2007 he founded Augere, which developed wireless networks in Bangladesh, Pakistan and elsewhere.

Falcone said he is still working to overcome the GPS interference issues and launch a network.

“We of course agree that it is critical to ensure that national security, aviation and the GPS communities are protected,” Falcone said in a statement. “I am confident that working together, we can solve this problem and bring the American consumer the lower priced 4G wireless alternative they need and deserve.”

While LightSquared searches for a new CEO, Doug Smith, currently chief network officer, and Marc Montagner, currently chief financial officer, were named as interim co-chief operating officers.

More Technology
Job Board
Search Jobs
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
Fire Sprinkler Inspector
American Society of Civil Engineers | Charlotte, NC
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Deputy Director of Transit Operations
American Society of Civil Engineers | San Jose, CA
Transportation Planner
American Society of Civil Engineers | Salinas, CA
Assistant Professor - Water Resources/Ecological Engineering
American Society of Civil Engineers | Auburn, AL
Product Manager - Chemical Development and Supply - Tulsa, OK
American Society of Civil Engineers | Tulsa, OK
Commissioning Intern
American Society of Civil Engineers | Chicago, IL
Assessment and Remediation Team Lead
American Society of Civil Engineers | Regina, SK
Business Development Manager
American Society of Civil Engineers
Sr. Controls Systems Engineer
American Society of Civil Engineers | Grand Island, NE
Senior Project Manager- Transportation
American Society of Civil Engineers | San Antonio, TX
Materials Engineer 2
American Society of Civil Engineers | IL
Land Surveyor
American Society of Civil Engineers
Quality Engineer
American Society of Civil Engineers | Attica, IN
 
Comments
comments powered by Disqus