Inmarsat gains on hopes Dish-LightSquared deal will boost revenue
LONDON | Tue May 21, 2013 10:18am EDT
(Reuters) - Shares in satellite firm Inmarsat rose on expectations that Dish Network Corp's bid for the spectrum assets of its U.S. partner LightSquared may lead to a resumption of payments to the British company under an airwaves-sharing deal.
Dish has offered $2 billion to LightSquared, which was backed by Philip Falcone's hedge fund Harbinger Capital Partners, for its spectrum assets, a source said earlier on Tuesday.