Falcone’s Plan B: Swapping Airwaves
LightSquared Inc. may seek to exchange its wireless airwave licenses for similar ones operated by the U.S. Department of Defense in a last-ditch effort to revive its mobile broadband service, according to people familiar with the company’s plans.
The possible strategy shift comes a day after the Federal Communications Commission said it wouldn’t allow LightSquared to operate its network because of interference concerns.