Emergency Response and Wireless Location Systems     by Manlio Allegra       Home         Topics: Main | 2004 | 2003 |2002 | 2001 | 2000 | 1999 | 1998 | 1997   TerreStar Sells Remaining Interest in SkyTerra for $123 MM TerreStar Corporation sold its remaining 29,926,074 shares of non-voting common stock of SkyTerra Communications for a total of approximately $123 million in a series of transactions. "We are pleased that this working capital and increased liquidity helps stabilize our financial position into 2010 -- especially in the face of today's tight credit markets," said William M. Freeman, Chairman of the Board, TerreStar. "With the proceeds of this transaction, we have the opportunity to strengthen the fundamentals of TerreStar, to develop and implement additional revenue generation opportunities with key partners and to ultimately enhance shareholder value." "TerreStar plans to empower its partners and customers to offer a reliable and secure mobile broadband network to homeland defense and public safety organizations, rural and under-served markets, maritime industry, machine-to-machine communications providers, and to consumer focused voice, data and video businesses interested in ‘anywhere' coverage throughout North America," said Jeffrey Epstein, President, TerreStar. "This additional cash infusion will help us deliver our vision of the nation's first IP-enabled integrated satellite-terrestrial mobile broadband network." http://www.terrestar.com 16-Sep-08 Recent Satellite News DISH Network Launches Online Video Portal with Live TV 8/24/2010 Spacenet Awarded $7.5M for Broadband in Alaska & Hawaii 8/23/2010 WildBlue Wins $19M Grant for Rural Satellite Broadband 8/19/2010 First Advanced Extremely High Frequency Satellite Launched Successfully 8/15/2010 Google Inks Ad Sales Deal with DIRECTV 8/11/2010 EchoStar Selects Widevine for Digital Rights Management 8/10/2010 Lockheed Martin Readies First Advanced Extremely High Frequency Satellite 8/10/2010 Valero Selects Spacenet for Broadband Managed Services Nationwide 8/10/2010 Inmarsat Plans Ka-band Global Mobile Broadband Service 8/6/2010 Hughes and China UnifiedNet Form Joint Venture 8/3/2010 EchoStar Plans New Data Center in Wyoming 8/3/2010 Sky Deutschland Selects Broadcom's STB Chipset 8/2/2010 Harris Acquires CapRock for $525 Million 7/30/2010 Cable&Wireless Worldwide Closes London Centre 7/30/2010 FCC Explores Mobile Satellite Service (MSS) Spectrum 7/15/2010 > More news...   Search  this site   Search the Web   Get Your Column Published Emergency Response and Wireless Location Systems by Manlio Allegra Interview: NSN's Sue Spradley on LightSquared's Wholesale Mobile Data Paradigm by Sue Spradley Mobile Backhaul Transition Requires New Testing by Joe Zeto Cybersecurity Requires Public/Private Coalition by Greg Oslan A Rethinking of Cloud Services and Network Architecture by Jim Theodoras Delivering Scalable Video Solutions <br><i> Advantages of SVC-Optimized QoS</i> by Andy Singleton         E-mail Newsletter Subscribe Now