Dish Network is offering $2 billion for some of LightSquared’s spectrum in a move that could help the company expand its offerings beyond pay TV. The offer would add spectrum to Dish’s growing supply of airwaves. LightSquared, the bankrupt wireless network company funded largely by billionaire Philip Falcone’s Harbinger Capital Partners, would use the capital to pay off debt. Neither company has commented on the offer, which would be subject to regulatory approval.
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Dish Eyes LightSquared's Wireless Spectrum
Posted by: Rachelle Dragani May 21, 2013 12:36 PMDish Network is offering $2 billion for some of LightSquared’s spectrum in a move that could help the company expand its offerings beyond pay TV. The offer would add spectrum to Dish’s growing supply of airwaves. LightSquared, the bankrupt wireless network company funded largely by billionaire Philip Falcone’s Harbinger Capital Partners, would use the capital to pay off debt. Neither company has commented on the offer, which would be subject to regulatory approval.