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	<title>TMF Associates MSS blog</title>
	<link>http://tmfassociates.com/blog</link>
	<description>Developments in the mobile satellite industry</description>
	<lastBuildDate>Wed, 08 Feb 2012 06:34:30 +0000</lastBuildDate>
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		<title>That&#8217;s all folks!&#8230;but awkward questions remain</title>
		<description><![CDATA[So the Looney Tunes cartoon (think Wile E. Coyote) that has been LightSquared over the last year appears to have finally run its course, with LightSquared today effectively conceding defeat by asking the FCC to initiate what will inevitably be a multi-year receiver standards proceeding (followed by an even longer transition period for any such [...]]]></description>
		<link>http://tmfassociates.com/blog/2012/02/07/thats-all-folks-but-awkward-questions-remain/</link>
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		<title>Are Viasat too honest to succeed?</title>
		<description><![CDATA[Over the last couple of weeks I&#8217;ve thought about the value proposition for Viasat&#8217;s new Exede satellite broadband service on several occasions, but I still fail to understand what on earth Viasat were thinking when they came up with their new price plans. These plans all offer the same speeds (up to 12Mbps downstream and [...]]]></description>
		<link>http://tmfassociates.com/blog/2012/02/06/are-viasat-too-honest-to-succeed/</link>
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		<title>Complicated legal arguments&#8230;and simple math</title>
		<description><![CDATA[Today, the complexities of both the LightSquared and DISH regulatory processes both got even more messy. In the DISH waiver proceeding, AT&#038;T filed an ex parte submission urging the FCC to impose buildout conditions on DISH similar to those imposed on LightSquared (260M POPs within 5 years 9 months), rather than any financial clawback to [...]]]></description>
		<link>http://tmfassociates.com/blog/2012/01/27/complicated-legal-arguments-and-simple-math/</link>
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		<title>Who to sue?</title>
		<description><![CDATA[After some uncertainty, it appears that LightSquared&#8217;s debtholders are gradually coalescing around Mr. Icahn&#8217;s view that they should invoke the MAC clause in the debt covenants and force LightSquared into bankruptcy immediately after an unfavorable FCC ruling, assuming that comes in the next couple of weeks. The key reason for this would be that LightSquared [...]]]></description>
		<link>http://tmfassociates.com/blog/2012/01/24/who-to-sue/</link>
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		<title>Get your spectrum here&#8230;or not&#8230;</title>
		<description><![CDATA[This evening Reuters is reporting that Mr. Falcone is examining &#8220;the potential for selling [LightSquared's] right to certain spectrum leases&#8221; to &#8220;raise cash for his financially strapped telecom start-up&#8221;. Those leases are presumably the 8MHz of 1.4GHz spectrum that LightSquared leases from TerreStar Corp and the 5MHz of spectrum at 1670-75MHz that is leased from [...]]]></description>
		<link>http://tmfassociates.com/blog/2012/01/20/get-your-spectrum-here-or-not/</link>
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		<title>The big MAC moment?</title>
		<description><![CDATA[Last week I expressed the view that LightSquared&#8217;s new investors could very well prolong the fight between LightSquared and the GPS industry. However, signs are starting to emerge that the FCC might be more willing to act than I had anticipated, and rule against LightSquared, which would potentially create a Material Adverse Change (MAC) in [...]]]></description>
		<link>http://tmfassociates.com/blog/2012/01/19/the-big-mac-moment/</link>
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		<title>I fought the law (of physics) and the law won&#8230;</title>
		<description><![CDATA[Well it seems like all LightSquared has left now is an attempt to claim that the US government is biased against it, representing a remarkable turnaround from this time last year, when most people thought that any favoritism was going in the opposite direction. However, it appears that LightSquared&#8217;s protests are going to have absolutely [...]]]></description>
		<link>http://tmfassociates.com/blog/2012/01/18/i-fought-the-law-of-physics-and-the-law-won/</link>
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		<title>No additional testing is warranted at this time&#8230;</title>
		<description><![CDATA[As I indicated in my post on Thursday last week, the PNT Excom has recommended today, in a letter sent to the NTIA Administrator, that the high precision testing be put on hold, because &#8220;there appears to be no practical solutions or mitigations that would permit the LightSquared broadband service, as proposed, to operate in [...]]]></description>
		<link>http://tmfassociates.com/blog/2012/01/13/no-additional-testing-is-warranted-at-this-time/</link>
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		<title>Jumping ship&#8230;</title>
		<description><![CDATA[Back in 2008, the decision of Maersk to choose Inmarsat&#8217;s FleetBroadband service for 150 (later increased to 370) vessels was described by Inmarsat as &#8220;a ground-breaking deal&#8221; which represented &#8220;the strongest possible endorsement of our revolutionary FleetBroadband service&#8221;. As a result, this week&#8217;s revelation that Maersk is now going to shift 400 vessels to VSAT [...]]]></description>
		<link>http://tmfassociates.com/blog/2012/01/13/jumping-ship/</link>
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		<title>Don&#8217;t stop believin&#8217;&#8230;???</title>
		<description><![CDATA[Yesterday, LightSquared held an investor call to provide an update on regulatory progress, including Mr. Falcone&#8217;s meeting last week at the FCC (which failed to gain the attention of the FCC Chairman, unlike Mr. Ergen&#8217;s visit to the FCC the same day). LightSquared&#8217;s investors clearly want to know whether there is any prospect of approval [...]]]></description>
		<link>http://tmfassociates.com/blog/2012/01/11/dont-stop-believin/</link>
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