Which version of the Phantom do you have? Make sure if it's the basic RC or the advanced with the thumb wheel. Next you are in the Phantom mode in the assistance software. try the Naza mode and see if that doesn't give you the GPS indicator.
It won't lock into GPS mode because you don't have any satellites locked. upper right hand corner shows 0 sat. that's why it's bouncing back and forth from GPS to ATT to FS (fail safe)