Teetering no longer . According to Reuters , satellite phone maker TerreStar has filed for Chapter 11 bankruptcy to protect itself from liabilities in the range of $1.6 billion. As expected, a restructuring is in order, with Blackstone Group LP providing financial advice for such a move. One of TerreStars’ creditors, EchoStar, is offering $75 million in financing to help keep the company operate while it goes through the bankruptcy. Shame that it’s the icing on the cake for its Genus , having just launched on AT&T not one month ago. Them’s the breaks. [Thanks, Brian] TerreStar makes it official, files for Chapter 11 bankruptcy originally appeared on Engadget on Tue, 19 Oct 2010 23:19:00 EST. Please see our terms for use of feeds . Permalink
Posts Tagged ‘terrestar’
TerreStar makes it official, files for Chapter 11 bankruptcy
October 20th, 2010 
jedwan 
Posted in engadget 
Tags: bankrupt, ch11, chapter, chapter 11, chapter 11 bankruptcy, chapter11bankruptcy, hybrid phone, hybridphone, icing, satellite phone, terrestar 
No Comments »AT&T Wireless to get new Windows Mobile 3G Terrestar Satellite …
October 2nd, 2009 jedwan This week more information on the hybrid mobile/satellite phone , the Terrestar Genus was announced by AT&T and Terrestar reports an article over on pcworld. Both companied intend to release the Windows Mobile 3G Terrestar Genus and …
Posted in att, htc, LG, Wireless Phone Tags: accessories, deals, htc, news, nokia, phone, phones, phones-review, security, terrestar, video, windows, windows mobile No Comments »AT&T Satellite Smartphone To Launch, TerreStar Genus | Mobile Roar
September 30th, 2009 jedwan AT&T* has announced plans to work with TerreStar Networks to offer an integrated smartphone mobility solution that will combine primary cellular wireless connectivity with the ability to connect to a satellite network as a backup, …
Posted in att, Cell Phone, Cell Wireless, htc, LG Tags: apple, Cell Phone, enterprise, genus, network, police, previous, terrestar, terrestar-genus, videos No Comments »textually.org: Satellite for US cell phone service launched
July 3rd, 2009 jedwan Satellite for US cell phone service launched. The world’s largest commercial satellite was launched into space Wednesday, with a mission to provide phone service to cellular “dead zones” in North America. [via Cellular News] …
Posted in att, Cell Phone Tags: att, before-the-end, black, Cell Phone, dead-zones, news, permanent-link, satellite, satellite-was, southern, system-running, terrestar No Comments »TerreStar launches ginormous satellite in preparation for service
July 2nd, 2009 jedwan Filed under: Misc If you want data service on your phone positively, absolutely anywhere you happen to be in the US or Canada, this one’s for you: TerreStar just successfully launched its aptly-named TerreStar-1 satellite, which just happens to be the largest commercial satellite ever deployed. This dovetails perfectly with news that the upstart satphone provider is partnering with AT&T to offer service later this year, presumably with a variant of that sweet little Elektrobit WinMo piece we had a chance to check out a few months back
Posted in Cell Phone, engadget Tags: accessories, culture, engadget, features, mobile, nokia, rogers-wireless, softbank-mobile, television, terrestar, windows mobile No Comments »
