LightSquared Inc. 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. LightSquared, based in Reston, Virginia, listed assets of $4.48 billion and debt of $2.29 billion as of Feb. 29 . Later, DISH Network Corp. (NASDAQ:DISH)’s Charlie Ergen made a $2 billion bid for bankrupt wireless provider LightSquared, a move that could pit Ergen against fellow billionaire and LightSquared financier Philip Falcone.The move could add LightSquared’s contested wireless spectrum to Ergen’s growing spectrum war chest, and it…
LightSquared Debt: Could Get Ugly Between Ergen, Flacone
HFA Staff
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