LightSquared Chairman and Chief Executive Sanjiv Ahuja dismissed as "ludicrous" allegations that the company, which plans to deploy a satellite-terrestrial mobile broadband network serving North America, received favorable treatment from U.S. telecommunications regulators because of its political connections.The allegations surfaced during a Sept. 15 House Armed Services Committee hearing in which Republican lawmakers suggested LightSquared's political ties led the U.S. Federal Communications System (FCC) to approve the company's system despite the interference threat it poses to GPS satellite navigation signals.
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