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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 12.05.16

Airborne 12.06.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

Airborne Hi-Def On YouTube

Airborne 12.05.16

Airborne 12.06.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

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

Barnstorming: Saving Santa Monica¬Ö and Enhancing The Future of Aviation

As If We Didn’t Have Enough to Do, Another Critical Challenge Demands Our Full Attention It has been a brutal few weeks… starting with the loss of our dear friend, Bob>[...]

VSS Unity, The New SpaceShipTwo, Free-Flies For The First Time

Two Years After Tragedy, The Program Proves It Still Has The Right Stuff The newest SpaceShipTwo has flown free for the first time. According to the Virgin Galactic crew, "Our new >[...]

AMA Opposes Orlando City Council Drone Ordinance

Proposal Runs Afoul Of Federal Authority Over The Nation’s Airspace... The Academy of Model Aeronautics (AMA) sent a letter to the Orlando City Council in opposition to a pro>[...]

Aero-News: Quote of the Day (12.05.16)

"This represents culmination of many years of hard work and perseverance by the team here in the USA and back at base in Germany too, we’re literally over the moon.” So>[...]

AeroSports Update: AutoGyro Now Type Certificated In The U.S.

The FAA Has Granted Type Certification To AutoGyro For Its Factory-Built Calidus Aircraft It seems we hear a lot about new FAA type certification of airliners and corporate jets, b>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC