Sprint Strikes Deal With Dish Over DBSD Bandwidth Claim

Law360, New York (November 7, 2011, 6:19 PM EST) -- Sprint Nextel Corp. has worked out a major dispute with mobile satellite service company DBSD North America Inc. and proposed buyer Dish Network Corp. over its $104 million claim for bandwidth clearing fees in DBSD's New York bankruptcy, Sprint announced Monday.

The agreement would remove a barrier to Dish's proposed acquisitions out of bankruptcy of DBSD and TerreStar Networks Inc., with Sprint withdrawing petitions seeking to deny Dish the right to use the spectrum bandwidth it would need. Terms of the agreement were not disclosed, and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.