Things haven't been looking so hot for LightSquared, which has trying to overcome numerous reports showing that their planned LTE network will significantly interfere with GPS signals. LightSquared's technical problems are bad enough, but their political problems keep getting worse. LightSquared's latest problems come courtesy of Senator Chuck Grassley, who has been accusing the company of trying to bribe him. Grassley (whose top campaign contributors aren't in telecom,) insists that LightSquared promised Iowa a call center if the deal was approved. LightSquared says the person Grassley is referring to was a private citizen not working for the company (though he does apparently know LightSquared billionaire backer Phillip Falcone) and that Grassley's claims are unsubstantiated.
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Senator Accuses LightSquared of Bribery - Insists They Promised a Call Center if Deal Approved
Posted: February 2nd, 2012, 5:58am MST