TerreStar nabs $300 million in funding, aims for satellite launch by end of year
Written by admin on Friday, February 8th, 2008 in Gadgets.
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Posted Feb 8th 2008 5:18PM by Donald MelansonFiled under: Cellphones TerreStar certainly hasn’t been flooding us with news over the years, but it looks like the company’s been keeping itself busy nonetheless, and its now scored an impressive $300 million in funding for its efforts. That money, coming from EchoStar and Harbinger Capital Partners, will largely be used to fund the company through the launch of its TerreStar-1 “hybrid mobile satellite” (pictured above in a circa 2005 mockup), which promises to power cellphones that’ll be able to use traditional terrestrial networks and fall back on satellite when there’s no other signal. (Read the full post about ‘TerreStar nabs $300 million in funding, aims for satellite launch by end of year’…)

