DISH Network to buy satellite operator
Posted: Wed, Feb 2, 2011, 7:53 AM ET (1253 GMT)
DISH Network, which owns a fleet of direct-to-home TV broadcasting satellites, announced Tuesday it would buy a bankrupt satellite operator for $1 billion. DISH said it will acquire 100 percent of DBSD North America (formerly known as ICO North America), including its one satellite currently in geosynchronous orbit. DBSD North America planned to set up a hybrid communications system using its satellite and a terrestrial network to provide voice, video, and data services in the US, but filed for Chapter 11 bankruptcy protection in 2009. In its statement announcing the acquisition, DISH provided no details about its plans for the company or its satellite, although some analysts speculate DISH is primarily interested in the S-band spectrum that DBSD has a license for.
DISH Network, which owns a fleet of direct-to-home TV broadcasting satellites, announced Tuesday it would buy a bankrupt satellite operator for $1 billion. DISH said it will acquire 100 percent of DBSD North America (formerly known as ICO North America), including its one satellite currently in geosynchronous orbit. DBSD North America planned to set up a hybrid communications system using its satellite and a terrestrial network to provide voice, video, and data services in the US, but filed for Chapter 11 bankruptcy protection in 2009. In its statement announcing the acquisition, DISH provided no details about its plans for the company or its satellite, although some analysts speculate DISH is primarily interested in the S-band spectrum that DBSD has a license for.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Starship explodes during preparations for static-fire test
Posted: Sun, Jun 22 6:52 AM ET (1052 GMT) |
|
news links
|
|
Saturday, July 5
Huge cost of my trip, what I saw – First Nigerian in space, Owolabi Salis
Punch (Nigeria) — 9:38 am ET (1338 GMT) Owolabi Salis Describes Travel to Space as ‘A Spiritual Journey,’ Urges African Youth to Explore Beyond Earth
Arise News — 9:37 am ET (1337 GMT) CoinDCX co-founder partners with ISRO scientists to launch Astrobase, raises $10 Mn
Entrackr — 9:37 am ET (1337 GMT) ISRO conducts student interactions with Gaganyatri onboard ISS
ISRO — 9:32 am ET (1332 GMT) Shux in space: ISRO's Shubhanshu Shukla conducts bone, radiation, and microgravity experiments on ISS
The Economic Times (India) — 9:31 am ET (1331 GMT) |
