Politically-connected LightSquared pushes wireless Internet plan despite GPS concerns

By John Aloysius Farrell and Fred Schulte

New wireless Internet from politically connected LightSquared could jeopardize GPS

Excerpts from this story referencing "SkyTerra":

"… o helped steer Obama toward investing in the firm, which was then known as SkyTerra. Obama briefly held up to $50,000 in stock in the company, according to hi …"

"… od recommended a UBS stockbroker, who bought more than $50,000 in stock in SkyTerra.Another investor was Jared Abbruzzese, a partner of John J. Gorman, an ear …"

"… ow Bruno had been paid $20,000 a month in 2005 to serve as a consultant to SkyTerra’s corporate affiliates, Motient and TerreStar, and build “credibilityâ …"

"… C statement.Haywood, who according to SEC records, owned 400,000 shares of SkyTerra as recently as September 2008, said in an interview that he has since sold …"