LightSquared CEO Resigns Amid Questions About Political Connections | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 08.17.17

Airborne 08.14.17

Airborne 08.15.17

Airborne 08.16.17

Airborne 08.17.17

Airborne 08.18.17

Airborne-Unmanned 08.15.17

Airborne-YouTube

AMA 08.17.17

Airborne 08.14.17

Airborne 08.15.17

Airborne 08.16.17

Airborne 08.17.17

Airborne 08.18.17

Airborne-Unmanned 08.15.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

Thu, Mar 01, 2012

LightSquared CEO Resigns Amid Questions About Political Connections

Sanjiv Ahuja Had Ties To The White House

The CEO of LightSquared has stepped down from his post at the start-up broadband company under a cloud of questions about his political ties to the White House.

The Washington, D.C.-based Daily Caller online reports that documents and e-mails that popped up about a week ago showed several meetings between LightSquared officials and the Obama administration. Prior to his filing with the FCC for the wireless broadband network, Ahuja had given $30,000 to the Democratic National Committee ... the maximum allowable contribution. He was scheduled for a meeting at the White House the same day.

In the official announcement, the company gave no reason for the resignation. The news release announcing the move said he will continue to serve as chairman of the board, while Doug Smith, currently chief network officer, and Marc Montagner, currently chief financial officer, will be named as interim co-chief operating officers. The company will be conducting the search for the new CEO. In addition, Philip A. Falcone, CEO and CIO of Harbinger Capital Partners, has been appointed to the company’s board of directors. The CEO search is expected to be completed in the near future.

Falcone said the company is not giving up on it's plan to launch a wireless 4G LTE broadband network using both satellites and terrestrial transmitters. “LightSquared's objective, through its wholesale business model, is to provide increased competition and lower prices in the telecommunications industry, and to bring broadband cellular phone service to rural areas that currently don’t have such service and that has not and will not change," he said. "That has been our vision from day one. The absence of affordable and reliable wireless service options is frustrating for consumers, particularly in these challenging economic times.”

Ahuja had never made a political donation before, and reportedly has not since.

FMI: www.lightsquared.com, www.whitehouse.gov, www.fcc.gov

Advertisement

More News

ONE Aviation 'Canada' Program Unveils First Developmental Airframe

One Of A Series Of Sequential Prototypes Will Help Develop The Forthcoming EA-700 The ONE Aviation 'Canada' program, which ANN exclusively detailed last year for the first time, is>[...]

Garmin Receives EASA Approval For New GTN 650/750 Features

Tailored Specifically For European Operators Garmin is pleased to announce an expanded feature set, an enhanced user interface and additional wireless connectivity solutions for it>[...]

Airborne-Unmanned 08.15.17: Reno Drone Races, DoD CrackDown, Blue Angels v UAV?

Also: Kansas DOT-AirMap, CIRRUAS Drone Program, Daytona Beach PD UAS, Virginia UAS SAR The Reno Air Racing Association has signed an agreement with the MultiGP Drone Racing League >[...]

RFP: ANN Seeking New Site/Facility For Major Studio Upgrade

It's Official: Aggressive Upgrades For New Airborne Programs WILL Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off s>[...]

Airborne 08.17.17: GA Sales Report, Google Lunar XPRIZE, ATC Privatization

Also: Gustave Whitehead, AirVenture Innovation Preview, Learjet 75, HondaJet, ALEA, Honeywell, F-5N GAMA has published second quarter GA airplane shipment and billings data. The ge>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC