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 04.18.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.18.14 **
** Airborne 04.16.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.16.14 **
** Airborne 04.14.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.14.14 **

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

Aero-News: Quote Of The Day (04.20.14)

"The discovery of Kepler-186f is a significant step toward finding worlds like our planet Earth. Future NASA missions, like the Transiting Exoplanet Survey Satellite and the James >[...]

Skydive Jersey Announces Shuttle Service For 2014 Season

Removes 'Getting To The Airport' As An Excuse To Not Go Skydiving So imagine it's a beautiful day to go jump out of an airplane in the greater New York City area, but you just don'>[...]

ANN's Daily Aero-Term (04.20.14): Ground Stop

Ground Stop Ground Stops are implemented for a number of reasons. The most common reasons are: 1) To control air traffic volume to airports when the projected traffic demand is exp>[...]

ANN's Daily Aero-Linx (04.20.14)

Aero Linx: The Australian Parachute Federation The Australian Parachute Federation exists to administer and represent Australian Sport Parachuting. This is achieved by promoting an>[...]

ANN FAQ: Getting The Most Out Of ANN's Newsletters

ANN goes through a lot of trouble to make the graphics flashy and cool and an integral part of the story. But let's face it, they're bandwidth-intensive. So here are a couple of th>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC