Deals
Falcone’s LightSquared May Bid for TerreStar, DBSD
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Philip Falcone’s LightSquared wireless venture is considering bidding on satellite companies TerreStar Corp. and DBSD North America Inc., according to two people with knowledge of the company’s plans.
The two companies’ spectrum holdings would help LightSquared handle wireless traffic as it prepares to roll out a nationwide fourth-generation network, said the people, who declined to be identified because the plans aren’t public. LightSquared is backed by Falcone’s Harbinger Capital Partners hedge fund.