Bloomberg News

LightSquared’s Proposed Auction Format Is Improper, Lenders Say

September 18, 2013

LightSquared Inc.’s proposed auction format for a sale of its wireless spectrum assets is improper and could foil a $2.22 billion offer from a unit of Charlie Ergen’s Dish Network Corp. (DISH:US), a group of lenders said.

To contact the reporter on this story: Tiffany Kary in New York at tkary@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net


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