* Officials say want to promote broadband and protect GPS * LightSquared proving to be risky bet for hedge fund * Company defends venture, new proposal after GPS concerns (Adds comments from LightSquared) By Jasmin Melvin WASHINGTON, June 23 (Reuters) - U.S. government officials called for more testing of hedge fund manager Philip Falcone's satellite broadband start-up to address interference issues with global positioning systems, but showed interest in finding a solution rather ...
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