Ergen Makes Bid for LightSquared Spectrum$2 billion bid has May 31 cutoff date 5/22/2013 02:42:10 PM Eastern
Charlie Ergen is apparently still trying to beef up his
wireless spectrum hoard, with reports that the Dish Network chairman and CEO
has offered up to $2 billion for wireless frequencies owned by bankrupt
broadband provider LightSquared.
According to a Bloomberg
News report citing people familiar with the matter, Ergen has given the
bankrupt service provider owned by hedge-fund manager Philip Falcone until May
31 to accept the offer.
A spokesman for Ergen confirmed the Bloomberg report
but said Dish Network is not involved in the offer.