How do you throw away $4 billion? Buy spectrum you can't use. That seems to be what LightSquared did. The company bought access to a chunk of spectrum, and planned to create a new wholesale wireless network.
But the FCC this week said, sorry, your planned use of your spectrum intereferes with GPS. The FCC withdrew the waiver it had previously given LightSquared to allow it to operate, and now LightSquared is sitting on what appears to be a toxic asset: Not only can it not use the spectrum, but the FCC ruling means no one else can, either.
Or can they? What's happening here, and how will it affect you, the user of mobile devices who just wants more bandwidth?
We're discussing this today with two experts from CNET News:
Roger Cheng, Executive Editor Maggie Reardon, Senior Writer