Sunday, 11 December 2016

Dish drops LightSquared bid...for now

By Mary Lennighan, Total Telecom
Friday 10 January 14

Some say Charlie Ergen's company will make a lower offer at a later date while others believe it is channelling its M&A ambitions in another direction.

Dish Network has pulled its $2.2 billion bid for bankrupt mobile satellite company LightSquared, it emerged this week, but there are suggestions that Charlie Ergen's outfit may simply be trying a different tack. Lawyers looking after LightSquared's bankruptcy proceedings confirmed on Thursday that Dish has withdrawn its bid for the company…

Dish Network has pulled its $2.2 billion bid for bankrupt mobile satellite company LightSquared, it emerged this week, but there are suggestions that Charlie Ergen's outfit may simply be trying a different tack. Lawyers looking after LightSquared's bankruptcy proceedings confirmed on Thursday that Dish has withdrawn its bid for the company…

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