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TerreStar Enhances Nationwide Spectrum Footprint

TerreStar has purchased EchoStar's 1.4 GHz spectrum, in exchange for the issuance of 30 million shares of TerreStar's Common Stock.
by Staff Writers
 Reston VA (SPX) Jun 13, 2008
 TerreStar has announced that it has enhanced its nationwide spectrum footprint by obtaining, through separate transactions, certain 1.4 GHz spectrum licenses held by EchoStar and CCTV Wireless I (CCTV).

TerreStar has acquired the CCTV 1.4 GHz spectrum pursuant to an assignment from Harbinger Capital Partners Master Fund I and Harbinger Capital Partners Special Situations Fund, LP (collectively, Harbinger).

"This enhanced nationwide spectrum footprint can help TerreStar accomplish its mission to offer reliable, interoperable satellite-terrestrial communications for the commercial, government, rural and public safety sectors throughout North America," stated Jeffrey Epstein, TerreStar President.

TerreStar has purchased EchoStar's 1.4 GHz spectrum, in exchange for the issuance of 30 million shares of TerreStar's Common Stock.

In exchange for 1.2 million shares of newly issued, Non-Voting Junior Participating Preferred Stock (which is convertible into 30 million shares of TerreStar's Common Stock under certain circumstances), Harbinger has assigned its rights to certain 1.4 GHz spectrum licenses to TerreStar Corporation.

"In addition to augmenting our nationwide spectrum footprint, these transactions underscore EchoStar and Harbinger's commitment to TerreStar," added Epstein.

"Further, we continue our discussions with EchoStar to identify new business opportunities between the two companies."

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SPACEMART
MSV Provides Satellite Communications For USA Earthquake Preparedness And Safety
 Reston VA (SPX) Jun 13, 2008
 Mobile Satellite Ventures (MSV) has announced that it has joined with the Central United States Earthquake Consortium (CUSEC) to form a new satellite mutual aid radio talkgroup (SMART) dedicated to the preparation for and response to earthquakes throughout the central United States.






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