TerreStar Networks filed a voluntary petition for reorganization under chapter 11 of the U.S. Bankruptcy Code in October 2010. During the chapter 11 cases, the Company has used and will continue to use its Debtor-in-Possession (DIP) financing of $75 million to maintain business-as-usual operations. The Company believes its current and anticipated cash resources will be suitable to pay its expenses and maintain its business operations while in chapter 11.
TerreStar Networks is actively engaged in the chapter 11 process with the goal of maximizing value for all of its constituents.
Now that Dish has access to DBSD and TerreStar's spectrum, there has been speculation that Ergen might use it in some kind of wireless play. However they still have to get the licenses. THE LICENCES ARE JUST FINE WITH TERRESTAR, WOULD YOU TAKE A CHANCE ON NOT GETTING THEM TRANSFERRED? OR WOULD BUSINESS AS USUAL BE BETTER.. WE think that's an important aspect of this, because if you are Dish or Charlie Ergen, you probably don't want to do or say anything to increase the risk of the FCC transferring the licenses to you.
