We are pleased that the statement issued by the National Space-Based PNT Executive Committee, chaired by the Department of Defense and the Department of Transportation, validates LightSquared's compatibility with the nation's 300 million cellular phones. While we are eager to continue to work with the FAA on addressing the one remaining issue regarding terrain avoidance systems, we profoundly disagree with the conclusions drawn with respect to general navigation devices.

LightSquared has had the legal and regulatory right to use its spectrum for eight years over two administrations. The testing further confirmed that the interference issues are not caused by LightSquared's spectrum, but by GPS devices looking into spectrum that is licensed to LightSquared. We have taken extraordinary measures — and at extraordinary expense — to solve a problem that is not of our making. We continue to believe that LightSquared and GPS can co-exist. And we will continue to work with the federal government on a solution that will allow us to begin investing $14 billion in private money into the infrastructure of America to create jobs, competition and increased access to technology to the nation.

About LightSquared

LightSquared’s mission is to revolutionize the U.S. wireless industry. With the creation of the first-ever, wholesale-only nationwide 4G-LTE network integrated with satellite coverage, LightSquared offers people the speed, value and reliability of universal connectivity, wherever they are in the United States. As a wholesale-only operator, LightSquared will deploy an open 4G wireless broadband network to be used by existing and new service providers to sell their own devices, applications and services – at a competitive cost and without retail competition from LightSquared. The deployment and operation of LightSquared’s network represent more than $14 billion of private investment over the next eight years. For more information about LightSquared, please go to www.LightSquared.com, www.facebook.com/LightSquared and www.twitter.com/LightSquared.