AAPL Stock: 118.46 ( -0.42 )

Printed from

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 MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented