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TerreStar Corporation

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TerreStar Corporation (TSTR), formerly Motient Corp. (MNCP - 2000-2007) and American Mobile Satellite Corp. (AMSC - 1988-2000), is the controlling shareholder of TerreStar Networks Inc. and TerreStar Global Ltd., and a shareholder of SkyTerra Communications.

TerreStar Networks is a Reston, Virginia-based company that operates integrated satellite and terrestrial telecommunications systems.

XM Satellite Radio was a spin off of American Mobile Satellite Corp.

TerreStar-1

Arianespace launched TerreStar-1 on the morning of July 1, 2009. With a launch mass of 6,910 kg, it has been deemed "the largest commercial telecommunications satellite ever launched." It was launched from the Guiana Space Center with an Ariane 5 rocket in French Guiana. TerreStar-1 will provide mobile voice, messaging and data communications services to North America.[1]

Terrestar system is based on GMR standard.

Terrestrial network

On January 14, 2010 TerreStar announced that the Federal Communications Commission had approved the company’s deployment of a terrestrial wireless network using the same S-band frequencies used by TerreStar-1.[2]

Bankruptcy Restructuring with EchoStar

In October 2010, TerreStar filed for a "prepackaged" bankruptcy, led by its largest secured creditor, EchoStar. Together the secured creditors exchanged $940 million of debt for about 97 percent of the company. The plan, along with $75 million of debtor-in-possession financing was approved in November 2010.[3]

References

  1. ^ "Ariane 5 soars to another heavy-lift success in lofting the TerreStar-1 mobile communications satellite". Arianespace. July 1, 2009.
  2. ^ Peter B. de Selding (01/14/10). "FCC Approves TerreStar Terrestrial Network". Space News. {{cite web}}: Check date values in: |date= (help)
  3. ^ http://www.bloomberg.com/news/2010-11-16/echostar-s-75-million-bankruptcy-loan-to-terrestar-wins-judge-s-approval.html

See also

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