Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Phil Falcone’s LightSquared Hires More Lobbyists To Resolve “Technical” Issues

Phil Falcone, the man behind the Harbinger fund and financier, is facing opposition over his Reston-based startup LightSquared reports the Washington Post. He has had to face off against defense groups, aviation groups and others who contend that “the company’s plans to expand its 4G network would interfere with the GPS spectrum and disrupt satellite services.”


Falcone Hopes Lobbying Will Turn the Tides

This month, instead of hiring more people to research and develop studies on the viability of a broader 4G network, Falcone is trying a different approach. He is turning to lobbyists to help him solve his “technical” issues. This month, LightSquared stepped up its lobbying effort by adding four firms to its roster of lobbyists – K&L Gates, Gibson Dunn, Podesta Group and Shockey Scofield Solutions. The four lobbyist firms bring Falcone’s total number of firms hired in 2011 to nine. According to lobbying records, American Continental Group, Ballard Spahr, Dickstein Shapiro, Gephardt Group and Nethercutt Consulting were retained in February.

LightSquared Could Be the Next Big Thing

Phil Falcone has spent more than $1.6 million in lobbying fees this year according to the disclosure records he filed with the Senate. But, really that is small potatoes compared to what it will be worth if Falcone succeeds in bringing the LightSquared technology to market. If LightSquared succeeds, Falcone would be the primary owner of a nationwide 4g network – no dead zones. LightSquared makes up the majority of assets in Falcone’s hedge fund Harbinger, so the gains would be even greater, if only he can get the defense groups, aviation groups, and other neigh sayers to get on board.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!