Dish Network

September 2, 2013 - 12:20am
Fresh from bankruptcy, LightSquared still harbors ambitions to satisfy a populace insatiable for wireless broadband connectivity anywhere and everywhere.

While LightSquared emerged from bankruptcy on July 15, one of its first moves was to ask the bankruptcy judge to keep other investors at bay until December, to allow the company to complete its recovery plan. The judge allowed LightSquared until December 6 to complete the process. However, that didn’t stop one Wall Street heavyweight from raising its initial $2 billion bid to acquire the company’s assets to $2.2 billion, in a struggle between two rival billionaires: Charlie Ergen of Dish Networks; and Philip Falcone of Harbinger Investments, which owns LightSquared.

 
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