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LightSquared names Doug Smith as new CEO, promises to fight to launch LTE network


News by Andrew Kameka on Tuesday August 21, 2012.

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Troubled wireless provider LightSquared has no clear path to delivering LTE service in the U.S., but the company has appointed Doug Smith as CEO and Chairman of the Board to lead those efforts. LightSquared selected Smith to serve as operating CEO when Philip Falcone, founder of the hedge fund that launched LightSquared, stepped down ahead of the company filing for bankruptcy protection. Smith will now lead efforts to overcome LightSquared's financial and operational challenges.

Smith also served as LightSquared's chief network officer before assuming the position of CEO. He led the company's network design and deployment operations before concerns about GPS interference prompted the FCC to block the launch of LightSquared's wholesale LTE network. Following his appointment, Smith released a statement saying:

"LightSquared remains committed to working with all stakeholders to find an equitable resolution to the regulatory challenges that the company has faced this past year. We are very confident that working together, we can provide the American public with both a protected and robust GPS system while enabling LightSquared to offer consumers and businesses more choice and a lower priced 4G wireless alternative they need and deserve."

LightSquared has yet to declare how it will rebound from the troubles that led to the company filing for bankruptcy protection in May. Sprint has terminated its contract with LightSquared, and the FCC revoked the company's license because of concerns that the 1.6 GHz L-band spectrum would interfere with GPS networks. The company has said that technical solutions are possible, and Smith says he plans to work with "partners, government agencies, and other related industry organizations" in order to achieve LightSquared's network goals.

source: LightSquared

 
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Andrew Kameka
Andrew is based in Miami, Florida.

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