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Wireless

Dish raises LightSquared bid to USD 2.2 bln

Thursday 25 July 2013 | 11:20 CET | News
US satellite TV operator Dish Network has raised its USD 2 billion cash bid to USD 2.2 billion to acquire most of the assets of LightSquared, a company which planned to build a satellite-LTE wholesale network but filed to enter bankruptcy protection in May 2012 after the FCC refused to approve its licence due to concerns about possible interference with safety and GPS equipment. The Financial Times reports that Dish Network's revised bid was disclosed in an SEC filing by a purpose-formed subsidiary called L-Band Acquisition. It states in the filing that it has entered into an agreement with

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Categories: Mobile & Wireless
Companies: Dish Network / LightSquared
Countries: United States
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