Following its failure to gain regulatory approval, LightSquared announced the resignation of its CEO, Sanjiv Ahuja. He will continue as Chairman of the board. The company is currently searching for a new CEO.LightSquared also affirmed its intention to work through the regulatory issues and ultimately build a wireless network.Philip A. Falcone, CEO and CIO of Harbinger Capital Partners stated:"LightSquared's objective, through its wholesale business model, is to provide increased competition and lower prices in the telecommunications industry,...