Menu
Kim Kardashian West debuts Platinum Tresses at Paris Fashion Week

Kim Kardashian West Debuts Platinum Tresses at Paris Fashion Week

Apple Launching Beats-Powered Music Streaming Service in June

Apple Launching Beats-Powered Music Streaming Service in June

Apple Working on a Waterproof iPhone, Patent Applications Shows

Apple Working on a Waterproof iPhone, Patent Application Shows

Harrison Ford is Battered but OK after Plane Crash

Harrison Ford Is Battered but OK after Plane Crash

A port hidden under Apple Watch's strap connector

A Hidden Port Found Under Apple Watch's Strap Connector

Dish Network gives up on LightSquared purchase

Jan 9 2014, 12:25pm CST | by , in News | Technology News

Dish Network gives up on LightSquared purchase
Dish

Dish steps away form purchase

LightSquared is a company that filed bankruptcy last year that tried to bring broadband internet to the masses using wireless spectrum. The problem for the company was that the FCC torpedoed the plans the company had for wireless broadband. Dish Network was one of the companies that have been circling the company wanting to pick up the wireless spectrum that was never used.

Dish offered $2.2 billion for LightSquared, but the deal was turned down. The main shareholder in the bankrupt LightSquared company, Harbinger Capital Partners, said that offer undervalued the assets. Reports now indicate that dish has backed away from any purchase of LightSquared.

Reuters reports that Dish Network could disclose its letter of termination for the company today. There is no indication of whether or not LightSquared has any more suitors looking to purchase its assets. No official comments have been made by Dish or LightSquared at this time.

You Might Also Like

From the Web

Read the Latest from I4U News

Rihanna teases Higher

Rihanna Teases Higher

10 hours ago

Comments

blog comments powered by Disqus