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

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Tesoro Tizona G2N Elite gaming keyboard

The market for gaming keyboards is getting crowded, starting off with some fairly simple keyboards and diverging into the land of modu ...

GX Gaming DeathTaker mouse

Gaming is a serious endeavor for many people, driving them to look for the best performance in their system and interface devices. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News