anjiv Ahuja stepped down but retained his position as chairman: to date no successor has been named. In a statement at the time of Ahuja's announcement, principal investor Phillip Falcone reaffirmed the company's strategy and said LightSquared was committed to finding a resolution to its many issues.
Private businesses too have a stake in the airwaves battle, which has taken on political overtones with charges of connections between LightSquared investor Phillip Falcone and President Barack Obama charges that Obama and Falcone, a registered Republican, have denied.