Dish Network may have withdrawn its $2.2 billion bid to get control of LightSquared's spectrum, but LightSquared's plan to get out of bankruptcy rests on getting approval from the FCC to modify its spectrum holdings. Despite statements from Harbinger Capital Partners, LightSquared's chief backer, that such approval is "within reach," regulators have not yet set a timetable for granting such approval, according to a Bloomberg report.
Dish Network is pulling its $2.2 billion bid to acquire LightSquared's spectrum assets while LightSquared is in bankruptcy protection. That move presumably will the way for a group backed by Harbinger Capital Partners, LightSquared's chief backer, to take control of the company.
LightSquared wants to see the benefits of a potential FCC decision to rejigger its spectrum holdings, and Philip Falcone's Harbinger Capital Partners is continuing to fend off an attempt by Dish Network to take control of LightSquared.
Dish Network is considering a potential bid for T-Mobile US next year, according to a Reuters report, the latest product of a rumor mill churning out speculation on potential deals involving the No. 4 carrier.
Private equity firm Centerbridge Partners has dropped its $3.3 billion bid to buy LightSquared out of bankruptcy protection, but LightSquared said it is exploring a similarly structured deal with others. Meanwhile, Dish Network continues to lurk as a potential buyer for LightSquared.
Sprint is partnering with its erstwhile suitor Dish Network on a trial of fixed wireless broadband service. This is the second such trial Dish has engaged in; the first was with Sprint wholesale partner nTelos Wireless.
Centerbridge Partners, a private equity firm, is preparing a $3.3 billion bid to buy LightSquared out of bankruptcy, according to multiple reports, in a deal that could upend Dish Network's own $2.2 billion bid for LightSquared.
Dish Network has officially registered its intent to bid in the FCC's upcoming 1900 MHz PCS H Block spectrum auction--and it is likely to secure a significant amount of licenses since it is the only major company planning to participate in the auction. If Dish is successful in winning H Block licenses, the company would notably improve its already significant spectrum portfolio.
According to a new report from New Street Research analyst Jonathan Chaplin, Charlie Ergen's Dish Network could acquire the most spectrum of any company--around 60 MHz--over the course of the next year or so. If Dish is indeed successful in acquiring the spectrum, the company would own a spectrum war chest of as much as 100 MHz--positioning the company as a potentially major player in the wireless market.
Dish, Sprint and T-Mobile hold very large amounts of high-band spectrum and have been using it to support lots of network and service innovations as a way to compete against AT&T and Verizon. So, why is there such a resurgence of commotion about the virtues of "low-band spectrum?"