Dish CEO Ergen turns his attention toward LightSquared's spectrum
Turning to LightSquared is a gamble though. Put together by Hedge Fund manager Philip Falcone, LightSquared could not gain FCC approval to turn on its network because in tests it would constantly interfere with GPS equipment run by the military. After Sprint pulled out of a deal to purchase service from them, LightSquared went bankrupt.
3. QWIKSTRIKE (Posts: 640; Member since: 09 Mar 2010)
Being that one of the opponents on the FCC that was against the deal had stock in AT&T Light Squared got a bum rap. Congress reversed the FCC blockage of the deal only after Light Squared went bankrupt, because Congress found that Falcones complaint about a member of the FCC that was against the deal, and a FCC's member involvement with AT&T had merritt.
Too bad because Light Squared would have benefited the consumer.
Dish just wants to be the next Verizon.