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
|
|
Apex becomes billion-dollar company with $200 million Series D round
Posted: Sun, Sep 14 4:09 AM ET (0809 GMT) |
|
news links
|
|
Monday, September 15
Elon Musk's Starlink reports service outage, thousands of users affected
Reuters — 1:23 am ET (0523 GMT) What does the loss of U.S. Space Command mean to Colorado Springs?
Denver Post — 1:21 am ET (0521 GMT) SpaceX Launches Northrop Grumman Cargo Ship To ISS
Aviation Week — 1:18 am ET (0518 GMT) SpaceX launches Falcon 9 rocket from Cape Canaveral on Sunday
WESH-TV Orlando — 1:18 am ET (0518 GMT) Apollo 13 made Jim Lovell a legend generations after the space race
The Hill — 1:09 am ET (0509 GMT) |
