Economy: Economic News, Policy & Analysis - The Washington Post: FCC pulls plug on LightSquared’s cellular project, angering investor Philip Falcone

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FCC pulls plug on LightSquared's cellular project, angering investor Philip Falcone Apr 6th 2012, 00:53 Wall Street guru Philip Falcone placed a $14 billion bet on what he thought was a sure thing. Two years ago, his company had the blessing of the Federal Communications Commission to use satellites to bring cellular service to the farthest reaches of the country, a high priority for President Obama. Read full article >>

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