LightSquared CEO resigns after FCC torpedoes network

LightSquared CEO Sanjiv Ahuja has resigned after the Federal Communications Commission turned down the company's plan to build a nationwide wireless network, the company said.

LightSquared CEO Sanjiv Ahuja has resigned after the Federal Communications Commission turned down the company's plan to build a nationwide wireless network, the company said.

LightSquared's proposed network was shown to interfere with global positioning systems and Ahuja oversaw a failed lobbying battle to gain FCC approval.