Dish withdraws bid for LightSquared

Monday 13 January 2014 | 07:59 CET | News
Satellite TV provider Dish Network has withdrawn its USD 2.2 billion bid to buy bankrupt wireless broadband company LightSquared. Lawyers involved in LightSquared's bankruptcy confirmed to Reuters that Dish had pulled its bid at the start of a trial 09 January over whether Dish Chairman Charles Ergen had unlawfully bought LightSquared's debt in an effort to take over the company. LightSquared's creditors had supported Dish's bid, but LightSquared itself and its controlling shareholder, Phil Falcone's Harbinger Capital Partners, had opposed it. Harbinger is pushing a separate USD 4 billion

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Dish Network / Harbinger / LightSquared
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


LightSquared becomes Ligado Networks

Published 11 Feb 2016 09:44 CET | United States
US spectrum licence holder LightSquared, which emerged from bankruptcy through a 2015 buyout by Centerbridge, Fortress Investment ...

FCC approves change of control at LightSquared

Published 07 Dec 2015 10:02 CET | United States
US satellite and mobile licence holder LightSquared has been granted a change of control by the FCC, paving the way for its ...

Judge rules Dish properly withdrew bid for LightSquared

Published 23 Jan 2014 15:41 CET | United States
A bankruptcy judge on 22 January ruled that Dish Network properly withdrew its USD 2.2 billion bid for LightSquared's ...

Dish, Southwest Airlines extend "TV Flies Free" through 2014

Published 16 Jan 2014 19:57 CET | United States
Dish and Southwest Airlines have announced the companies are extending their partnership and the "TV Flies Free" promotion. ...

Dish deal for LightSquared in danger of falling apart

Published 08 Jan 2014 17:17 CET | United States
Dish Network's proposed transaction to buy LightSquared's wireless spectrum assets is in jeopardy of collapsing, a lawyer for ...

Centerbridge withdraws LightSquared offer

Published 18 Dec 2013 09:09 CET | United States
Private-equity firm Centerbridge Partners has backed out of a deal to acquire LightSquared amid uncertainty over when federal ...

LightSquared attracts new suitors as Ergen continues w/ bid

Published 02 Dec 2013 08:43 CET | United States
A Nevada judge has ruled that Dish Network's USD 2.2 billion bid for LightSquared can go forward with the involvement of Dish ...

Harbinger's Lighsquared lawsuit against Dish dismissed

Published 31 Oct 2013 14:46 CET | United States
Charlie Ergen's Dish Network won dismissal on 29 October of a lawsuit brought by Phil Falcone's Harbinger Capital Partners in a ...

LightSquared files restructuring plan with court

Published 02 Sep 2013 14:24 CET | United States
US operator LightSquared has filed a proposed restructuring plan in court, as part of its Chapter 11 proceedings. The plan would ...

Falcone's Harbinger sues Dish's Ergen for USD 4 bln

Published 07 Aug 2013 15:49 CET | United States
Phil Falcone's hedge fund sued satellite TV mogul Charlie Ergen and his Dish Network company for USD 4 billion on 6 August 2013 ...

Dish raises LightSquared bid to USD 2.2 bln

Published 25 Jul 2013 11:20 CET | United States
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 ...

Calendar   /   Industry Events

23 Jan Comcast Q4 2019
23 Jan Intel Q4 2019
23 Jan STMicroelectronics Q4 2019
23 Jan Skyworks Solutions fiscal Q1
24 Jan Ericsson Q4 2019
26 Jan Cisco Live
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan Dtac Q4 2019
28 Jan Airtel Africa fiscal Q3
28 Jan CEM in Telecoms Global Summit
29 Jan KPN Q4 2019
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan Telenor Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Telia Q4 2019
29 Jan European 5G Conference
30 Jan NTT Docomo fiscal Q3
30 Jan BT fiscal Q3
30 Jan Amazon Q4 2019
30 Jan FCC meeting
30 Jan The Things Conference
::: More Calendar Items