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Ergen Said to Offer $2 Billion for LightSquared Frequencies

Charlie Ergen, chairman of satellite-TV provider Dish Network Corp., made a $2 billion bid for radio frequencies from LightSquared Inc., the bankrupt wireless-broadband company owned by Philip Falcone’s hedge-fund firm, according to people familiar with the offer.

Ergen, 60, has offered to buy the spectrum -- the frequencies used for wireless communications -- even though the Federal Communications Commission has yet to approve its use, according to the people, who asked not to be named because the deal hasn’t been shown to the bankruptcy judge. Reston, Virginia-based LightSquared filed for bankruptcy last year after regulators blocked approval to build its network on concern it would interfere with global-positioning system signals.