LightSquared blew it, and here's why

LightSquared, a planned U.S. nationwide cell carrier, has been blocked by the FCC due to interference its signal causes to GPS devices.

Philip Falcone's LightSquared Inc. wireless service would have “ruinous effects” on aviation because of signal interference and its plan for a nationwide data network should be withdrawn, an airline trade group said. “This matter needs to be put to

Most UK stocks rose as China said it will help resolve Europe's debt crisis and the leaders of Greece's two biggest political parties gave written commitments to austerity measures to obtain further financial aid. HSBC Holdings Plc (HSBA),

O) rose 5 percent on Wednesday following a US government decision to block start-up LightSquared from building a rival wireless network. Late on Tuesday, regulators said there was no solution to interference problems the LightSquared network would have

Not really surprising, but things aren't looking so good for LightSquared. The company has been fighting for what feels like ages to get their wholesale LTE network approved despite staunch opposition from naysayers who