DISH Network completes DBSD North America and TerreStar acquisitions

By Caroline Salls

Pittsburgh, March 12 - DISH Network Corp. has closed its acquisitions of the reorganized DBSD North America, Inc. and substantially all of the assets of TerreStar Networks, Inc., according to a DISH news release.

DISH said it has invested more than $3 billion to secure the licenses for this 40 MHz of nationwide wireless spectrum.

DISH said it looks forward to working with the Federal Communications Commission on its forthcoming Notice of Proposed Rulemaking and remains committed to using this spectrum to help the administration and the FCC solve the nation's spectrum crunch.

In parallel, DISH said it will initiate efforts to enhance the performance and capabilities of handsets that utilize the terrestrial and satellite links while exploring its options for a broader market entry.

Based in Reston, Va., TerreStar Networks is a holding company with subsidiaries that operate satellite-based digital mobile communications systems. The company filed for bankruptcy on Oct. 19, 2010 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 10-15446.

DBSD is a subsidiary of ICO Global Communications (Holdings) Ltd., a Reston, Va., mobile satellite services company. The subsidiary filed for bankruptcy on May 15, 2009 under case number is 09-13061 and emerged from bankruptcy on March 9.

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