TPG Capital and former LightSquared Inc. Chief Executive Officer Sanjiv Ahuja are teaming up on a telecommunications venture in Myanmar, the first foray by a big- name U.S. private-equity firm in the country since it emerged from military rule three years ago.
Philip Falcone’s LightSquared Inc. will borrow an additional $74 million from existing lenders to stay alive in bankruptcy after saying it’s running out of cash and may fail to reorganize without more funds.
Harbinger Group Inc. founder Philip Falcone wasted corporate assets in a bid to keep control of the investment firm after agreeing to a five-year ban on working in the securities industry, an investor contends in a lawsuit.
After Symetra Financial Corp. was formed in 2004, the life insurer set up shop in a 25-story glass tower outside Seattle, put its name on the building and pushed the state to adopt more favorable rules for its business.
Dish Network Corp. Chairman Charles Ergen said he learned more about the technical issue that ultimately led him to drop a $2.2 billion bid for LightSquared Inc.’s wireless spectrum just before an auction for the airwaves was supposed to begin Dec. 11.
The judge in LightSquared Inc.’s bankruptcy has been excluding some parties from closed-door conferences, possibly hindering a resolution of the case, two companies underwriting the wireless broadband provider’s reorganization said.
LightSquared Inc., which is seeking to put Charles Ergen’s $1 billion claim last in line behind other creditors, asked a judge not to re-open a trial over his purchases of the company’s debt after the Dish Network Corp. chairman brought forward new evidence.
Philip Falcone’s LightSquared Inc. will probably be able to borrow $1 billion to finance its exit from bankruptcy as a standalone company, Credit Suisse Securities LLC said in a letter made public yesterday.