LightSquared names Marc Montagner Chief Financial Officer

LightSquared announced on Tuesday that it has named Marc Montagner as Chief Financial Officer. Montagner replaces Michael Montemarano, who left the firm in November. Montagner specializes in�mergers�and�acquisitions, having previously worked for Dupont Circle Partners and Sprint Nextel Corporation. LightSquared is looking to build its network on 1600MHz frequency spectrum and deploy a 4G�LTE network that Sprint is planning to use in part to accelerate its own LTE roll-out. LightSquared’s network has yet gain approval from �the Federal Communications Commission, however, which recently issued a report stating that the company’s network still interferes with GPS technology. LightSquared promptly replied to the new report and demanded approval, claiming that any interference with GPS devices is caused by GPS signals partially transmitting on

Source: http://www.bgr.com/2012/01/03/lightsquared-names-marc-montagner-chief-financial-officer/

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