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By Greg Bensinger Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Philip Falcone's LightSquared may seek to exchange its wireless airwave licenses for similar ones operated by the US Department of Defense, in a last-ditch effort to revive its

15 (Bloomberg) — Clearwire Corp., the unprofitable wireless broadband service provider, rose to the highest in two months after regulators rejected billionaire Philip Falcone's bid to use satellite spectrum for his LightSquared mobile network venture.

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have “ruinous effects” on aviation because of signal interference and its plan for a nationwide data network should be withdrawn, an airline trade group said.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

Many of us have seen this coming for some time now, but the FCC issued a statement late today that it intends to reject LightSquared's bid to create a.

After a year of LightSquared fighting GPS industry and government agencies over whether its network would interfere with GPS receivers, the Federal Communications Commission dropped the hammer Tuesday evening,

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