LightSquared’s new business plan

Since LightSquared is probably not going to be allowed to crash passenger planes and break the GPS system, it is developing a new business plan based on lawsuits (subscription required). LightSquared would demand either compensation for regulators’ failure to approve their system, or a new piece of spectrum to replace the one they own.

All of which takes some chutzpah, since their entire business plan was based on undercutting their competition by using a cheap piece of spectrum (that wasn’t intended for communication systems) and relying on political connections to get their misuse of the spectrum approved.

(Previous post.)

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