Printed from http://www.electronista.com

Dish set to acquire Chapter 11 satellite company DBSD

updated 09:55 pm EST, Tue February 1, 2011

Deal said to be worth $1 billion

Dish Network has announced that it will attempt to acquire DBSD North America, a satellite communications company that has been involved in ongoing Chapter 11 bankruptcy proceedings. The deal will reportedly cost approximately $1 billion, including an $87.5 million commitment as a debtor-in-possession credit facility to help bring the company out of bankruptcy protection ahead of the formal purchase.

Detailed reasons for acquiring DBSD have yet to be disclosed, though the latter company specializes in a hybrid terrestrial/satellite communications network capable of providing wireless voice, data, video and Internet services.

It is unclear if DBSD's technology will be used solely for Dish's television service, or if the company is planning to expand its offerings to include additional wireless services. The FCC recently approved a proposal from satellite company LightSquared, enabling the startup to trial a satellite-based broadband system in the US.

The DBSD acquisition has yet to be finalized, as the deal must be approved by the FCC and bankruptcy court.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

SMS Audio Sync Sport on-ear headphones

When hitting the gym or going out for a trail run, headphones can cause a number of problems. From the ear buds getting slimy with swe ...

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Sponsor

toggle

Most Commented

 
toggle

Popular News