LightSquared Debt: Could Get Ugly Between Ergen, Flacone

LightSquared Inc. filed for bankruptcy in 2012, saying it will seek to resolve the concerns of U.S. regulators who thwarted the company’s plan to deliver high-speed wireless to as many as 260 million people. LightSquared, based in Reston, Virginia, listed assets of $4.48 billion and debt of $2.29 billion as of Feb. 29 .

Later, DISH Network Corp. (NASDAQ:DISH)’s  Charlie Ergen made a $2 billion bid for bankrupt wireless provider LightSquared, a move that could pit Ergen against fellow billionaire and LightSquared financier Philip Falcone.The move could add LightSquared’s contested wireless spectrum to Ergen’s growing...