TerreStar Corporation (NASDAQ:TSTR) has obtained, through separate transactions, certain 1.4 GHz spectrum licenses held by EchoStar Corporation (NASDAQ:SATS) and CCTV Wireless I, LLC (CCTV). TerreStar has acquired the CCTV 1.4 GHz spectrum pursuant to an assignment from Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, LP (collectively, Harbinger). TerreStar has purchased EchoStar’s 1.4 GHz spectrum, in exchange for the issuance of 30 million shares of TerreStar’s Common Stock. In exchange for 1.2 million shares of newly issued, Non-Voting Junior Participating Preferred Stock (which is convertible into 30 million shares of TerreStar’s Common Stock under certain circumstances), Harbinger has assigned its rights to certain 1.4 GHz spectrum licenses to TerreStar Corporation. Copies of related documents filed with the Securities and Exchange Commission (SEC) will be available on the SEC’s Web site under the company name “TerreStar Corporation” and through the TerreStar Investor Relations link.
TerreStar Gloms Onto Spectrum
TerreStar Corporation (NASDAQ:TSTR) has obtained, through separate transactions, certain 1.4 GHz spectrum licenses held by EchoStar Corporation (NASDAQ:SATS) and CCTV Wireless I, LLC (CCTV). TerreStar has acquired the CCTV 1.4 GHz spectrum pursuant to an assignment from Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, LP (collectively, Harbinger). TerreStar has purchased EchoStar’s 1.4 GHz spectrum, in exchange for the issuance of 30 million shares of TerreStar’s Common Stock. In exchange for 1.2 million shares of newly issued, Non-Voting Junior Participating Preferred Stock (which is convertible into 30 million shares of TerreStar’s Common Stock under certain circumstances), Harbinger has assigned its rights to certain 1.4 GHz spectrum licenses to TerreStar Corporation. Copies of related documents filed with the Securities and Exchange Commission (SEC) will be available on the SEC’s Web site under the company name “TerreStar Corporation” and through the TerreStar Investor Relations link.
