Dish Trying to Buy LightSquared For $2.22 Billion

[Poke]

Hmm interesting.

http://www.dslreports.com/shownews/Dish-Trying-to-Buy-LightSquared-For-222-Billion-125100

 

[Scherrman]

Curious as to what their plans are with it.

 

[CK SatGuy]

Curious as to what their plans are with it.

Agreed especially since their spectrum is useless.

 

[bentjm]

No spectrum is totally "useless". Depending on the equipment being used, the spectrum can still be used. Now $2.22 billion is a whole other discussion.

 

[TheKrell]

In particular, the spectrum can be used for satellite up/downlinks.

 

[navychop]

Everything seems to be moving too slowly. Aren't they under a deadline to start using, or lose, spectrum?

 

[oldengineer]

There's more to this. Yesterday's WSJ says that Charlie formed a dummy company, SP Special Opportunities LLC, and purchased more than $1B of LightSquared bank debt, lots estimated at 50 to 60 cents on the dollar. If the sale goes thru $1.7B will be used to pay off LightSquared's bank debt. Guess who wins big?