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DanJones
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DanJones,
User Rank: Blogger
12/17/2013 | 12:49:00 PM
Re: Surely not a long-term play...
Okay then.
Sarah Thomas
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Sarah Thomas,
User Rank: Blogger
12/17/2013 | 12:46:48 PM
Re: Surely not a long-term play...
Well, apparently the answer is "no." That was fast -- Centerbridge backed out today "for both economic and non-economic reasons."

http://online.wsj.com/news/articles/SB10001424052702304858104579264250473641312
DanJones
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DanJones,
User Rank: Blogger
12/17/2013 | 10:33:27 AM
Re: Surely not a long-term play...
Perhaps there's another LightSquared plan in the works about how to use the spectrum though? I can't see what they could do to please the FCC at this point but hope springs eternal no?
DanJones
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DanJones,
User Rank: Blogger
12/17/2013 | 10:30:25 AM
Re: Surely not a long-term play...
Well, you could use the MSS L-Band spectrum for -- wait for it! -- satellite service!!! LightSquared/SkyTerra does have a satellite up after all.
Ray@LR
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[email protected],
User Rank: Blogger
12/17/2013 | 4:14:51 AM
Surely not a long-term play...
Hard to imagine this would be a long-term play for a PE firm, so what might the short-term gain be? Has centerbridge figured something that falcone and his team didn't?

What a mess, though...


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