With DBSD Bid, Ergen Aims To Draw Spotlight from LightSquared

摘要

EchoStar and Dish Network Chairman Charles Ergen, who has invested in many ideas in the satellite sector in the past decade and taken his share of losses, on Feb. 1 struck again, hoping to turn investors' attention away from startup satellite-terrestrial provider Light-Squared and back toward assets Ergen wants to acquire. Dish Network's announcement that it has agreed to purchase struggling satellite-terrestrial wireless broadband provider DBSD North America, formerly called ICO North America, for $1 billion will make it more difficult for anyone to compete with Ergen's effort - this time through his EchoStar Corp. - to wrest control of TerreStar Networks.