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
|
|
FAA restricts hours for commercial launches during shutdown
Posted: Sun, Nov 9 9:05 AM ET (1405 GMT) China postpones Shenzhou-20 return on orbital debris concerns
Posted: Sun, Nov 9 8:58 AM ET (1358 GMT) |
|
news links
|
|
Sunday, November 16
Thailand rejects Starlink offer due to ownership hurdle
Bangkok Post — 12:19 am ET (0519 GMT) A Second Chance for Jared Isaacman—and NASA
City Journal — 12:13 am ET (0513 GMT) Nokia sets sights on 5G upgrade for space
Tyn — 12:13 am ET (0513 GMT) Federal government’s millions for Canada’s commercial space race marks a new chapter
BNN Bloomberg — 12:11 am ET (0511 GMT) Former ISRO scientist sees business opportunity in cleaning space junk
The Economic Times (India) — 12:09 am ET (0509 GMT) |
