‘twill be interesting to see how they monetize that.
They already have a satellite in the sky, presumably using that band.
LightSquared was formerly known as SkyTerra, and they launched a huge satellite in November, 2010.
http://www.upi.com/Science_News/2010/11/15/Biggest-satellite-antenna-launched/UPI-85811289871420/
But, now that the terrestrial network is no longer viable, I don't know how they plan to use the satellite.