Dec 16 (Reuters) - MetroPCS (PCS.N) is looking into buying assets from bankrupt satellite operator TerreStar Corp (TSTRQ.PK), according to a report in the Wall Street Journal.
The report, which cites unnamed people familiar with the matter, said MetroPCS is "among parties that are considering a potential deal" that may be worth more than $1 billion, but added that no offer has yet been made and may never happen.
MetroPCS declined comment. A representative for TerreStar was not immediately available.
TerreStar said it had $1.4 billion in assets, including wireless airwaves when it filed for bankruptcy in October.
MetroPCS is a wireless operator that specializes in cheaper services, but it needs more spectrum as it upgrades its network for high-speed data services.
MetroPCS has also said it could be open to a partnership with LightSquared, another satellite company that is looking for more funding to build a mobile network on which it would rent space to other service providers on a wholesale basis.
EchoStar Corp (SATS.O), a provider of satellite communications equipment provided financing to TerreStar to allow it to keep operating while in bankruptcy. (Reporting by Sinead Carew; editing by Andre Grenon)
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