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>> DISH NETWORK Latest News

OCT 02, 2013 - GamePro

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Faded satellite star LightSquared headed for auction block in November

The long saga of satellite operator LightSquared's quest to become a cellular carrier may come to an end soon with an auction for the company's assets scheduled for late November.The assets, most importantly its spectrum licenses, will be auctioned off Nov. 25, according to an order issued Monday by a New York bankruptcy court. The lead bidder in the auction is L-Band Acquisition Corp. (LBAC), a company linked to satellite TV operator Dish Network that has offered US$2.2 billion for the company.LightSquared received conditional approval from the Federal Communications Commission in early ... Read More

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