0
Wireless

LightSquared attracts new suitors as Ergen continues w/ bid

Monday 2 December 2013 | 08:43 CET | News
A Nevada judge has ruled that Dish Network's USD 2.2 billion bid for LightSquared can go forward with the involvement of Dish chairman Charlie Ergen, the Wall Street Journal reported. Separately, Fortress Investment and Centerbridge Partners have shown interest in LightSquared, attracted to the company's spectrum, sources familiar with the matter said. The wireless communications business filed for bankruptcy in May 2012 and will be up for auction on 11 December. Dish's bid is currently the highest filed with the bankruptcy court. It is not clear how aggressively Fortress or Centerbridge

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.

Subscriptions

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 / Mobile & Wireless
Companies: Dish Network / 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.


Related

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 ...

Dish withdraws bid for LightSquared

Published 13 Jan 2014 07:59 CET | United States
Satellite TV provider Dish Network has withdrawn its USD 2.2 billion bid to buy bankrupt wireless broadband company LightSquared. ...

LightSquared files new plan to exit bankruptcy

Published 27 Dec 2013 10:48 CET | United States
LightSquared is seeking to exit bankruptcy-court protection with backing from private-equity firms Fortress Investment and Melody ...

Fortress in talks for LightSquared bid financing - report

Published 23 Dec 2013 09:04 CET | United States
Private-equity firm Fortress Investment Group is in discussions with banks for financing to acquire LightSquared out of ...

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 ...

Centerbridge Partners near deal to buy LightSquared - report

Published 12 Dec 2013 09:03 CET | United States
Private-equity firm Centerbridge Partners has reached a tentative deal to buy LightSquared out of bankruptcy proceedings, people ...

Inmarsat warns for pressure on profits in 2014

Published 07 Nov 2013 14:09 CET | World
Satellite services provider Inmarsat reported third-quarter revenues of USD 306.9 million, down 5.8 percent from a year earlier. ...

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 ...

Judge says LightSquared creditors can vote on restructuring

Published 15 Oct 2013 17:50 CET | United States
A judge ruled on 9 October that creditors of bankrupt broadband owner LightSquared can vote on competing plans by LightSquared, ...

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 ...

Inmarsat positive on MSS growth, govt business slows

Published 02 Aug 2013 10:34 CET | World
Satellite services provider Inmarsat reported first-half revenues of USD 635.2 million, up 1 percent from a year earlier after ...

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 ...

LightSquared files deal with Jeffreys to exit bankruptcy

Published 05 Jun 2013 11:59 CET | United States
US company LightSquared, which plans to offer an integrated LTE-satellite wholesale service, has reached an agreement with ...

Ergen offers USD 2 bln for LightSquared spectrum - report

Published 21 May 2013 16:51 CET | United States
Satellite mogul Charlie Ergen bid USD 2 billion for certain spectrum from LightSquared, the wireless venture spearheaded by ...





Calendar   /   Industry Events

22 Jan Rogers Communications Q4 2019
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
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Airtel Africa fiscal Q3
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan CEM in Telecoms Global Summit
29 Jan Telia Q4 2019
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan KPN Q4 2019
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan Telenor Q4 2019
29 Jan European 5G Conference
::: More Calendar Items