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Harbinger sues GPS industry over LightSquared

from Inside GNSS

Investors led by Harbinger Capital Partners have filed a $1.9 billion lawsuit against a trio of GPS receiver manufacturers over LightSquared, a now bankrupt firm that still hopes to build a wireless broadband network across the United States. The investors are seeking compensation for losses incurred when the Federal Communications Commission denied LightSquared permission to build its wholesale wireless broadband communications network. more


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