Well, it's still kicking, and it's got a new leader. Doug Smith has been appointed LightSquared chairman and CEO, the company announced Tuesday morning. Smith had served as LightSquared's co-COO and chief network officer, responsible for the design, deployment and operations of its LTE network. Previous LightSquared CEO Sanjiv Ahuja left the company in February .
The new CEO is reassuring stakeholders that the company is still committed to freeing itself from interference concerns and finding a way to launch its nationwide 4G network. "We are very confident that working together, we can provide the American public with both a protected and robust GPS system while enabling LightSquared to offer consumers and businesses more choice and a lower-priced 4G wireless alternative they need and deserve," Smith said in a statement.
Why this matters
LightSquared has a long road ahead of it. An agreement with its creditors should keep it afloat until the fall of next year, but it will still have to rebuild its employee base, convince regulators that its network won't interfere with GPS and prove to the wholesale customers and partners it has lost that it is worth teaming up with again.
thats how you get to be CEO. The company is in such bad shape he can't do much worse than he already did. Takes some guts to step into that role vs. the former CEO who floated off with his parachute...
"Smith had served as LightSquared's co-COO and chief network officer, responsible for the design, deployment and operations of its LTE network."
Sounds like he did nothing. What operations? What network design? What deployment?
I hope the FCC requires LS to pay for all testing and administrative fees to see if the LS plan does not impact the GPS network at all. If LS thinks they have something that works, LS puts the money up for the tests. When it shows that the LS plans fails, the taxpayer is not out any money.
I wonder how much of the money they have is being spent on political contributions?
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