Judge rules Dish properly withdrew bid for LightSquared

Thursday 23 January 2014 | 15:41 CET | News
A bankruptcy judge on 22 January ruled that Dish Network properly withdrew its USD 2.2 billion bid for LightSquared's wireless-spectrum assets, rejecting an argument by LightSquared's lenders that Dish was still required to close the deal, reported The Wall Street Journal. Judge Shelley C. Chapman of US Bankruptcy Court in Manhattan said that while Dish did not officially submit paperwork to withdraw the offer, its termination of an agreement with those lenders based on the bid was sufficient.

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