Dish CEO Ergen turns his attention toward LightSquared's spectrum
0. phoneArena 21 May 2013, 00:58 posted on
Dish Network CEO Charles Ergen, currently involved in two acquisition attempts, is said to be offering $2 billion for the spectrum belonging to bankrupt LightSquared; Ergen has been trying to turn Dish Network into a wireless carrier and appears to have the backing of the FCC. Last year, the agency approved Dish's request to take spectrum used for satellite transmissions and use it for cellular service...
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3. QWIKSTRIKE (Posts: 1042; 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.