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 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

 

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

ANN Special Report: Colorado NIMBYs Defeated... For Now

Vicious Campaign Against Skydiving Operation By Small, But Vocal, Group Loses Court Case News/Analysis by ANN CEO/Editor-In-Chief, Jim Campbell Those of us who work and play in the>[...]

Airborne 05.22.15: Falcon 5X Readies, Avidyne AD, LadiesLoveTaildraggers 2015

Also: Air Power Museum, ANN Could Use A Little Help From Its Friends, GE Honda, Mexican-Registry TBM 900, Legacy 500, BBJ Winglets, Wheels Up Order The new Falcon 5X is getting clo>[...]

Deadline For $30 Million Google Lunar XPRIZE Extended To End Of 2017

Progress Continues To Be Made To Return Humanity To The Moon XPRIZE and Google have officially confirmed a further extension of the $30 million Google Lunar XPRIZE. XPRIZE notes th>[...]

Aero-News: Quote Of The Day (05.25.15)

“It is the Sikorsky Innovations charter to identify the toughest challenges in vertical flight, and to demonstrate solutions to them. Getting an all-new aircraft into flight,>[...]

S-97 Raider Starts Flight Test Program

CoAxial Helo Heralds Development Of Exciting New Rotorcraft We knew it was close... and now it's real. Sikorsky has confirmed the successful first flight of the S-97 RAIDER helicop>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC