LightSquared Investor Centerbridge Pushes FCC for License Transfers

Centerbridge Partners, a LightSquared investor, is lobbying the FCC for approval of license transfers that would let the satellite company emerge from Chapter 11 bankruptcy. In an ex parte filing posted Friday in docket 15-126, Centerbridge said it had conversations with aides to Commissioners Mignon Clyburn and Jessica Rosenworcel about the license transfers. With them, Centerbridge said, LightSquared "would be able to emerge from bankruptcy fully capitalized and in a strong position to work with affected stakeholders to put the vital mid-band spectrum to use in delivering broadband to consumers." LightSquared's plan for emerging from bankruptcy includes a Dec. 15 deadline (see 1511090031).