Bloomberg: Dish offers $2 billion for LightSquared's wireless spectrum

Bloomberg: Dish offers $2 billion for LightSquared's wireless spectrum data = {blogUrl: "www.engadget.com",v: 315};when = {jquery: lab.scriptBs("jquery"),plugins: lab.scriptBs("plugins"),eng: lab.scriptBs("eng")}; var s265prop9 = ('20576711' !== '') ? 'bsd:20576711' : ''; var postID = '20576711'; var modalMNo = '93319229', modalVideoMNo = '93320648', modalGalleryMNo = '93304207'; when.eng("eng.omni.init", {pfxID:"weg",pageName:document.title,server:"acp-ld39.websys.aol.com",channel:"us.engadget", s_account: "aolwbengadget,aolsvc", short_url: "",pageType:"",linkInternalFilters:"javascript:,",prop1:"article",prop2:"wireless",prop9:s265prop9,prop12:document.location,prop17:"",prop18:"",prop19:"",prop20:"", prop22:"donald-melanson", prop54:"blogsmith",mmxgo: true }); adSendTerms('1')adSetMOAT('1');adSetAdURL('/_uac/adpagem.html');lab._script("http://o.aolcdn.com/os/ads/adhesion/js/adhads-min.js").wait(function(){var floatingAd = new AdhesiveAd("10000057",{hideOnSwipe:true});}); onBreak({980: function () { adSetType("F");htmlAdWH("93319229", "LB", "LB"); adSetType("");}}); EngadgetMenu NewsReviews Features Galleries VideosEventsPodcasts Engadget ShowTopics Buyers Guides Sagas Store HD Mobile Alt Announcements Cameras Cellphones Desktops Displays Gaming GPS Handhelds Home Entertainment Household Internet Laptops Meta Misc Networking Peripherals Podcasts Robots Portable Audio/Video Science Software Storage Tablets Transportation Wearables Wireless Acer Amazon AMD Apple ASUS AT&T Blackberry Canon Dell Facebook Google HP HTC Intel Lenovo LG Microsoft Nikon Nintendo Nokia NVIDIA Samsung Sony Sprint T-Mobile Verizon About UsSubscribeLike Engadget@engadgettip uswhen.eng("eng.nav.init")when.eng("eng.tips.init") onBreak({980: function () {htmlAdWH("93308280", "215", "35",'AJAX','ajaxsponsor');}});Bloomberg: Dish offers $2 billion for LightSquared's wireless spectrumByDonald MelansonpostedMay 20th, 2013 at 4:06 PM 0

The last few years have been a tumultuous time for LightSquared, with the company's LTE plans facing one hurdle after another that eventually led to a bankruptcy filing. It looks like at least one company is now looking to buy its most valuable asset, though, with Bloomberg reporting that Dish Network Chairman Charlie Ergen has put a $2 billion offer on the table for the company's wireless spectrum. That's yet to be confirmed by either party, and Bloomberg reports that the offer is a so-called stalking horse bid, which could still let others put in a higher offer of their own. As Bloomberg also notes, this all comes at the same time that Dish is looking to buy Sprint for over $25 billion, both of which would need regulatory approval before going through.

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Source: Bloomberg

Tags: dish, lightsquared, lte, spectrum

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