Deere Warns On Harbinger Wireless Venture

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.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Hedge Fund Billionaires Prepare Their Bunkers

Jan 27 2015 | 8:57am ET

If income equality ever leads to insurrection, the world's wealthiest hedge fund...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note