By Billy Cheung NEW YORK (Reuters) – LightSquared hopes to submit a consensual restructuring plan by Friday, although the judge overseeing the wireless venture’s bankruptcy isn’t convinced that will happen. In a court hearing on Tuesday, a lawyer for the company said it aims to file a reorganization plan that has the support of its […]
You might want to hold off on thinking of a portmanteau for Dish and Lightsquared. The satellite TV company has officially withdrawn its $2.2 billion bid for the ailing firms wireless spectrum, despite actively pursuing the acquisition last year. In fact, Lightsquared even filed a case against Dish chairman Charles Ergen for allegedly purchasing $1 […]
US satellite provider Dish is reportedly retracting a bid worth $2.2 billion for bankrupt wireless provider LightSquared. The Wall Street Journal says that Dish, who bid for LightSquared in May last year, could confirm the termination of the offer this week. Dish, better known for its satellite TV service, has spent the last two years trying to […]
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