DISH's Ergen said to pursue LightSquared with $2B bid

05/21/2013 | Wall Street Journal, The · Bloomberg Businessweek

DISH Network Chairman Charlie Ergen reportedly has offered $2 billion to acquire wireless spectrum from bankrupt LightSquared in a so-called "stalking-horse" bid that would precede a judge's decision to auction off the frequencies, according to published reports. The Federal Communications Commission has yet to clear the spectrum for terrestrial use because of purported interference issues with GPS signals. LightSquared, which has until May 31 to reply to the offer, owes about $1.7 billion in bank debt held by various hedge firms.

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Wall Street Journal, The · Bloomberg Businessweek

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