Report: Dish chairman bid $2B for LightSquared wireless spectrum

Report: Dish chairman bid $2B for LightSquared wireless spectrum

Summary: Dish's future networking portfolio could grow quite quickly based on a new report that the satellite TV provider is going after the bankrupt wireless venture's spectrum.

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LightSquared's wireless spectrum could be getting a new owner based on a new report.

According to Bloomberg, Dish Network chairman Charlie Ergen made a $2 billion bid last week for LightSquared's radio frequencies, which are owned by private investment firm Harbinger Capital Partners.

Bloomberg added, based on unnamed sources said to be familiar with the deal, that LightSquared has until the end of the month to make a decision.

Dish is already bogged down by other networking and communications deals floating around -- namely a $25.5 billion bid for Sprint Nextel. The nation's third largest mobile provider was said in April to be forming a special committee to mull over the "unsolicited deal."

See also: Softbank, Sprint, Clearwire, Dish: Figuring out this merger mess

The latest turn of events for LightSquared appears to be near the end of the road for the beleaguered Virginia-based business.

CEO Sanjiv Ahuja stepped down in February 2012, but he stayed on with the company as chairman of the board.

At the time, it was reported that Ahuja's resignation had to do something with the Federal Communication Commission's move to block the launch of its 4G network.

A few months prior, Ahuja spoke at the Open Mobile Summit in San Francisco, arguing that there is a disparity between demand for data and the amount of available spectrum -- and that the United States is not ready to handle those problems.

But by May 2012, the wireless venture filed for bankruptcy.

Topics: Mobility, 4G, Smartphones, Tablets, Telcos

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