Following up on a previous report, satellite telecom provider TerreStar has filed for Chapter 11 bankruptcy protection, with the Blackstone Group serving as the legal mediator providing assistance to restructure the company and creditor EchoStar providing $75 million in financing to continue operations, as the company launched its hybrid satellite/GSM smart device in the Genus just one month ago with AT&T.
Humberto Saabedra
Humberto Saabedra is the Editor-in-Chief of AnimeNews.biz, PhoneNews.com and an occasional columnist for Ani.me. He can also be found musing on things at @AnimeNewsdotbiz