Dish Network chairman Charlie Ergen has renewed efforts to acquire TerreStar Networks, agreeing to submit a “stalking horse” bid of $1.375 billion for the bankrupt hybrid- satellite-technology firm.

TerreStar’s assets are slated to be auctioned on June 30th, with Dish’s offer to serve as the opening bid, according to bankruptcy-court filings.

TerreStar offers wholesale wireless voice and Internet services through ground-based and satellite communications systems. The company currently partners with AT&T on a mobile phone service.

Other posts by :

1. Forecast: SpaceX tracking to $20bn revenue in 2026
2. EchoStar’s Dish restructures debt obligations
3. AsiaSat hits Zee and JioStar with legal actions
4. Nvidia unveils orbital chip/computer for AI and data
5. Space Sector: ‘Profound Acceleration in 2026’
6. Starcloud wants 88,000 satellites
7. Lynk Global requests “experimental” satellite access
8. Safran Space links laser direct to satellite
9. SpaceX fearful of AST SpaceMobile’s potential?

Categories: Articles, Business, DTH/Satellite, M&A