Showdown Looms Over LightSquared Wireless Venture

A hedge fund with ties to satellite mogul Charlie Ergen is headed for a bankruptcy-court showdown with Wall Street financier Philip Falcone over the fate of his LightSquared Inc. wireless venture, opening up yet another front in the battle for ownership of the airwaves needed to launch future mobile networks.

Sound Point Capital Management LP, a small hedge fund run by one of Mr. Ergen’s former bankers, has been buying up LightSquared debt and now holds more than $600 million of the wireless company’s roughly $1.7 billion bank loan, said people familiar with the trades.

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »