{"id":23746,"date":"2011-07-27T07:49:43","date_gmt":"2011-07-27T11:49:43","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=23746"},"modified":"2011-07-27T10:50:30","modified_gmt":"2011-07-27T14:50:30","slug":"hedge-fund-launches-emergency-rapid-response-team","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2011\/hedge-fund-launches-emergency-rapid-response-team.html","title":{"rendered":"Hedge Fund Launches Emergency Rapid Response Team"},"content":{"rendered":"

\"\"<\/a>New York (HedgeCo.net) – Billionaire hedge fund manager Philip Falcone\u2019s new satellite internet venture, LightSquared, is to invest in next generation satellite communications technology directed at public safety, “Push-to-Talk.”<\/p>\n

In addition, LightSquared has formed its own Emergency Rapid Response Team that is prepared to travel to troubled areas to assist first responders at the local, tribal, state and federal level with inter-operable satellite communications.<\/p>\n

“LightSquared\u2019s satellite network has played a critical role in federal, state and local public safety communications in emergencies dating back to 1996, including Hurricane Katrina and the recent series of devastating tornadoes that swept through Joplin, Missouri.”<\/p>\n

\u201cIn an emergency, the last thing public safety workers should have to worry about is their ability to communicate with each other. That\u2019s why LightSquared is committed to the SMART program, ensuring that the men and women on the front lines have communication devices that connect them to each other or to a federal agency thousands of miles away,\u2019\u2019 said Sanjiv Ahuja, chairman and chief executive officer of LightSquared.<\/p>\n

As part of this plan, LightSquared will:<\/strong><\/p>\n