General

Via Steve Walsh and Michael Shepard of Bloomberg, House Subcommittee on Communications and Technology Chairman Rep. Greg Walden wants to get to the bottom of the ongoing regulatory saga being faced by mobile broadband startup LightSquared:

The high-speed wireless venture backed by hedge fund billionaire Philip Falcone won preliminary approval from the FCC a year ago. It remains without final clearance as the agency and other federal regulators weigh test results that show LightSquared disrupts global-positioning system equipment used on autos, tractors, boats and aircraft.

“How did that process fail?” Walden said in a briefing with reporters in Washington. “Because you’ve got a lot of people spending a lot of money trying to sort this out now, and it would seem to me somebody would have sorted it out before they made the licenses available.”

A date for the hearing has yet to be set.