Dish Network’s courtroom dance with LightSquared appears to have concluded. Reuters reports that the committee overseeing LightSquared’s bankruptcy auction confirmed Dish has withdrawn its $2.2 billion bid for the company, leaving its controversial L-band spectrum on the table. Dish has other options when it comes to building a mobile broadband network, and now LightSquared’s owners — who opposed Dish’s involvement — appear to be free to pursue their plan to lobby the FCC for relief, assuming the court plays ball.
http://gigaom.com/2014/01/09/dish-dumps-its-bid-for-lightsquared/
The keep thinking they will get what they want someday.
After refusing viable bids for their shares I think it is time for the FCC and the court to send these people down the rabbit hole forever to eat their losses.
0.02
Hmmmm… Wonder when Berkshire Hathaway will exercise its influence.
Just wondering B-)
"Hmmmm… Wonder when Berkshire Hathaway will exercise its influence.
Just wondering" B-)
Looks like Warren has turned his attention to the basic staples of mac/cheese & ketchup.
LightSquared bankruptcy exit plan earns court approval
Reuters
BY NICK BROWN
NEW YORK Thu Mar 26, 2015 4:19pm EDT
"God's not making more spectrum," he said at January 2014 court hearing, insisting the spectrum would prove valuable.
