Tag: harbinger capital

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Lenders Group Contests LightSquared Auction

A group of lenders contest LightSquared Inc’s proposed format for an auction of its wireless-spectrum assets. Tiffany Kary of Bloomberg feels the lenders’ action would foil a $2.2 billion offer from a unit of Charlie Ergen’s DISH Network Corp (NASDAQ:DISH). […]

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Falcone’s LightSquared Hits another Roadblock

LightSquared, hedge fund manager Phil Falcone’s venture to bring a national wireless service, had hit another roadblock.  Satellite telecommunications firm, Inmarsat PLC sent LightSquared a default notice yesterday because Inmarsat says they have not received a $56.3 million payment which […]