As LightSquared and its various suitors prepare to meet in court today over their competing plans to bring the company out of bankruptcy, the wireless venture said that it was unable to strike a compromise with Charlie Ergen's Dish Network Corp. on the parameters of a sale, Dow Jones Newswires reported yesterday. LightSquared is set to ask Bankruptcy Judge Shelley C. Chapman to sign off on its plan to sell the company's assets under one restructuring proposal, but parties bidding on those assets disagree. Dish, which is bidding $2.2 billion for a chunk of LightSquared's wireless spectrum, wants a separate plan for that sale. LightSquared said in court papers that it tried to come to a compromise with Dish and a third group bidding on a smaller piece of the wireless-satellite company's spectrum, to "avoid waste of estate resources, duplication of effort" and market confusion. "Unfortunately, to date, LightSquared has been unsuccessful in its efforts," the company said.
