It would appear to me that Lightsquared (a Company providing wireless internet access) has developed a 4G broadband wireless system that incorporates a satellite component and they have done so with their heads firmly up their backsides!
What they have done is adopted a frequency that is very close to the main L1 GPS frequency which will cause interference with the GPS signal.
The US Government has allowed the company to proceed with the development without so much as a second thought to impact on the countless millions using GPS.
If you want to read some of the questions that are being asked and Lightsquared response (or lack there of) see here.
Won't affect us? It is highly likely! Lightsquared has plans to go global with this.
I wouldn't be buying Lightsquared shares any time soon............with the US being the land of litigation and all.
Edited by nofixedaddress, 29 April 2011 - 05:34 PM.