Self-styled ‘corporate raider’ Carl Icahn has reportedly purchased USD300 million worth of debt from LightSquared partner Farallon Capital Management, following a value drop last year. The move could potentially position Icahn as a controlling force behind LightSquared, meaning that the open access Long Term Evolution (LTE) start-up could find itself navigated away from Falcone’s initial vision, towards a more profitable direction.
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OVETEL Carl Icahn acquires USD300m LightSquared debt; is troubled LTE start-up close to collapse?
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