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
|
|
Monday, January 26
Rheinmetall and OHB in talks over Starlink-style service for German army
Financial Times — 5:19 am ET (1019 GMT) Colorado Springs must reject political games over Space Command
Colorado Springs Gazette — 5:19 am ET (1019 GMT) Blue Origin wastewater permit public meeting coming up Friday at UF/IFAS building
Florida Today — 5:16 am ET (1016 GMT) Central Coast Residents Greeted with Aggressive Boom from SpaceX Launch Sunday Morning
Santa Barbara (CA) Edhat — 5:12 am ET (1012 GMT) SpaceX Rocket Carries Starlink Satellites Into Orbit from Vandenberg
Noozhawk — 5:11 am ET (1011 GMT) |
