LightSquared financier Philip Falcone is preparing to submit a reorganization plan to a bankruptcy judge that would specifically block Dish Network's Charlie Ergen from receiving compensation, according to a report from the New York Post that cited unnamed sources.
Dish Network said it is currently broadcasting eight channels of mobile video in 13 locations across the country, and is considering expanding that effort to a total of 40 markets in the United States. The offering is not commercially available, but represents Dish's continued experimentation with the 700 MHz E Block licenses the company won during the FCC's 2008 spectrum auction.
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WASHINGTON--The FCC approved draft rules for the auction of the 1900 MHz PCS H Block, which could have implications for both Sprint Nextel and Dish Network. According to the FCC, the auction will take place in late 2013 or early 2014.
Dish Network formally withdrew its $4.40 per share tender offer for Clearwire, abandoning its pursuit of the wireless company and clearing the way for majority owner Sprint Nextel to take control of Clearwire.
Dish Network has requested that the FCC waive its network buildout requirements on the 700 MHz E Block spectrum that Dish acquired during the FCC's 2008 auction. Dish said that a number of factors, including a lack of suitable equipment and ongoing uncertainty over interference, have prevented the company from building out a network in the spectrum.
Sprint Nextel shareholders overwhelmingly approved Japanese operator SoftBank's offer to acquire 78 percent of Sprint in a $21.6 billion deal, handing SoftBank and its CEO Masayoshi Son a major victory in SoftBank's quest to outbid Charlie Ergen's Dish Network.
Dish Network, having abandoned its attempt to acquire Sprint Nextel and having been outbid for Clearwire, faces a quandary: What does it do now in wireless?
Dish Network has formally given up all attempts to buy Sprint Nextel, according to a regulatory filing, clearing the way for Japan's SoftBank to take control of Sprint and try to turn it into a more powerful force in the U.S. wireless market.
The whirlwind battle for Clearwire continues to swirl, as Clearwire's board of directors reversed itself yet again and now recommends Sprint's offer to buy the roughly 50 percent of Clearwire it doesn't already own for $5 per share. The move comes eight days after Clearwire's board recommended Dish Network's $4.40 per share tender offer for the company over Sprint's earlier $3.40 per share offer.