The Last Chance Of Freedom : Competitor of LightSquared run out of business by Obama administration

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Thursday, February 23, 2012

Competitor of LightSquared run out of business by Obama administration

Rick Moran

Nice to have friends in high places.

Daily Caller:

The Daily Caller has obtained documents, emails and communications showing how President Barack Obama's Federal Communications Commission demolished wireless broadband company LightSquared's competition through a pattern of regulatory decisions apparently aimed at establishing an "open-access" Internet in the United States.

The FCC successfully green-lighted LightSquared's corporate formation in 2009 by allowing Wall Street hedge fund Harbinger Capital Partners to purchase majority ownership in satellite company SkyTerra. A major obstacle that still remained in LightSquared's way was competitor GlobalStar.

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Thursday, February 23, 2012

Competitor of LightSquared run out of business by Obama administration

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