Dish Scrapping Bid for LightSquared
Dish Networks is ceasing its attempt to purchase LightSquared, the failed mobile broadband company. Dish Networks hoped to acquire the company for its spectrum assets, which it planned to use for its own mobile broadband service. Dish has been trying to break into the wireless business for years, and thought LightSquared's assets could help it do that. Dish did not immediately say why it was terminating its bid. LightSquared wanted to launch a nationwide LTE network using L Band spectrum, but was stymied by concerns regarding interference with neighboring spectrum.