Dish CEO Ergen turns his attention toward LightSquared's spectrum

Dish CEO Ergen turns his attention toward LightSquared's spectrum
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. Meanwhile, Dish has a bid on the table to buy Sprint for $25.5 billion and is also trying to steal Clearwire from Sprint. Dish is the underdog in both deals. Japan's SoftBank has the approval of Sprint's board for its $20.1 billion purchase of 70% of the carrier, while Sprint already owns more than 50% of network wholesaler Clearwire.

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.

Looking at LightSquared's wireless service could indicate how poor Ergen feels that his chances are to win Sprint or Clearwire, and how desperately he needs to buy some spectrum.

source: Reuters



1. dexter_jdr

Posts: 1163; Member since: Jun 28, 2012


2. waterninja21

Posts: 28; Member since: May 03, 2013

Charlie Ergan is scum.


Posts: 1461; Member since: Mar 09, 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.

4. waterninja21

Posts: 28; Member since: May 03, 2013

Verizon will just stomp on Ergan.

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