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
|
|
|
|
news links
|
|
Friday, April 10
Amazon Leo to Launch 'Mid-2026,' CEO Hints at Lower Price Than Starlink
PC Magazine — 6:24 am ET (1024 GMT) Amazon’s Starlink competitor Leo gets a new date
The Verge — 6:23 am ET (1023 GMT) Space Force Picks 14 Firms to Compete to Build Reconnaissance Satellites
Air and Space Forces Magazine — 6:22 am ET (1022 GMT) Oxygen made from Moon dust for first time
The Daily Telegraph — 6:19 am ET (1019 GMT) This founder helped build SpaceX’s most powerful rocket engine. Now he’s building a ‘fighter jet for orbit.’
TechCrunch — 6:19 am ET (1019 GMT) |
