Falcone: AT&T, Verizon interfering with LightSquared
Hedge-fund manager Phil Falcone accused AT&T and Verizon Communications of interfering with LightSquared, a broadband startup in which he has invested about $3 billion. In a television interview with CNBC, he said it was "very disappointing" AT&T , Verizon and other members of the Coalition to Save Our GPS are contacting local elected officials to try and block LightSquared from providing a fourth-generation wireless network in rural areas.
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