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Strictly Surveying
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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 Reuters reports that the committee overseeing LightSquared’s bankruptcy auction confirmed Dish has withdrawn its $2.2 billion bid for the company, leaving its controversial L-band spectrum on the table.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/
Posted : January 9, 2014 11:15 am
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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
Posted : January 9, 2014 1:14 pm
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Hmmmm… Wonder when Berkshire Hathaway will exercise its influence.
Just wondering B-)
Posted : January 9, 2014 5:01 pm
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Posted : January 9, 2014 6:25 pm
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"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.
Posted : March 26, 2015 3:54 pm