Dish Trying to Buy LightSquared For $2.22 Billion

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bentjm

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Apr 12, 2006
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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

TheKrell

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Jan 4, 2007
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In particular, the spectrum can be used for satellite up/downlinks.
 
navychop

navychop

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

oldengineer

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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?
 

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