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TOPIC: TerreStar

Blobrana

L

Posts: 131433

Date: Oct 22 07:22 2010

TerreStar Corporation	Permalink

TerreStar Corporation ("TerreStar") announced today that its majority-owned subsidiary TerreStar Networks Inc. and certain other affiliates have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code as part of a strategic plan to strengthen their financial position and achieve long-term success in the mobile satellite services market. Through the restructuring, TerreStar Networks hopes to lessen its debt obligations in order to place greater focus on delivering the future of 'always available' mobile communications through its recent launch of the world's first integrated satellite-cellular smartphone. Read more __________________

Blobrana

L

Posts: 131433

Date: Oct 19 15:30 2010

TerreStar	Permalink

TerreStar Considers Chapter 11 Protection TerreStar Corp., a mobile-communications business trying to launch a far-reaching wireless network using satellite smart phones, is preparing a possible filing for bankruptcy protection, said people familiar with the matter. TerreStar, labouring under more than $1 billion in debt, could file for bankruptcy protection in coming days, these people said. They cautioned the filing could be delayed. A filing had been expected as early as Sunday. Read more __________________

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