A group of lenders contest LightSquared Inc’s proposed format for an auction of its wireless-spectrum assets. Tiffany Kary of Bloomberg feels the lenders’ action would foil a $2.2 billion offer from a unit of Charlie Ergen’s DISH Network Corp (NASDAQ:DISH). Dish’s $2 billion bid As reported earlier, LightSquared filed for bankruptcy in 2012, saying it will seek to resolve the concerns of U.S. regulators who thwarted the company’s plan to deliver high-speed wireless to as many as 260 million people. Subsequently, DISH Network Corp (NASDAQ:DISH)’s Charlie Ergen made a $2 billion bid for bankrupt wireless provider LightSquared, a move that…
Lenders Group Contests LightSquared Auction
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports