A group of lenders contest LightSquared Inc’s proposed format for an auction of its wireless-spectrum assets.
Tiffany Kary of Bloomberg feels the lenders’ action would foil a $2.2 billion offer from a unit of Charlie Ergen’s DISH Network Corp (NASDAQ:DISH).
Dish’s $2 billion bid
As reported earlier, LightSquared 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.
Subsequently, DISH Network Corp (NASDAQ:DISH)’s Charlie Ergen made a $2...
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