Dish Nabs $350 Million in LightSquared Debt
Dish's LTE Play May Succeed Where LightSquared's failed
Dish boss Charlie Ergen has nabbed $350 million worth of debt in
LightSquared, whose fortunes are circling the drain after the company failed to get a necessary FCC spectrum waiver due to their planned LTE technology's potential to interfere with GPS. Ergen's move is widely thought to be a prelude to expanding their spectrum holdings and potentially succeeding where LightSquared failed. "I guess I’d answer it from a big-picture perspective, which is, our focus right now is really on getting the FCC approval," Said Ergen to questions about the reason for the deal. Dish's ambitions should be approved as their specific flavor of LTE shouldn't pose any threat to GPS technology -- though there's some thought that Dish may simply be bluffing to drive up costs of spectrum
before a sale (likely to AT&T).