Friday, 19 December 2014
Last updated 1 hour ago
Jun 6 2011 | 12:14pm ET
Another voice has emerged in opposition to Harbinger Capital Management's planned nationwide wireless network.
Deere & Co. told the Federal Communications Commission last week that its agricultural global positioning systems' performance broke down within 22 miles of a base station operated by LightSquared in New Mexico. The company warned that LightSquared's 4G network, which has won a conditional waiver from the FCC, would "create massive interference."
Deere's complaint to the FCC follows similar warnings from the U.S. Departments of Commerce, Defense, Homeland Security and Transportation. The FCC has commissioned a report, due on June 15, which it will review before giving LightSquared the green light to move forward.
"There are major economic consequences" to the LightSquared system, Deere said. "Deere customers in agriculture, construction and other applications will lose high-accuracy navigation in and near areas served by LightSquared."
LightSquared has repeatedly said it would work to mitigate any negative impact of its proposed network.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.