Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

February 12, 2016 6:45 PM ET

Diversified Telecommunication Services

Company Overview of TerreStar Networks, Inc.

Company Overview

TerreStar Networks, Inc. provides satellite terrestrial mobile broadband network services for government, emergency responders, enterprise businesses, and rural communities. It offers mobile voice, data, and video services. It also provides TerreStar-1, a geostationary satellite solution that provides integrated satellite/ground-based solutions; and TerreStar GENUS, an integrated satellite and cellular Smartphone. It offers its services through a network of partners and service providers to users in North America. The company was founded in 2002 and is based in Reston, Virginia. As of March 9, 2012, TerreStar Networks, Inc. operates as a subsidiary of Dish Network Corp.

12010 Sunset Hills Road

One Discovery Square

6th Floor

Reston, VA 20190

United States

Founded in 2002





Key Executives for TerreStar Networks, Inc.

Chief Executive Officer, President and Director
Age: 46
Chief Financial Officer
Age: 55
Senior Vice President of Ruder Finn Public Relations
Chief Technology Officer
Age: 54
General Counsel and Secretary
Compensation as of Fiscal Year 2015.

TerreStar Networks, Inc. Key Developments

Elektrobit Inc. Receives Settlement Payment in Liquidation Case of Terrestar Networks

Elektrobit Inc. received the settlement payment in the liquidation case of TerreStar Networks Inc. On August 28, 2014, Elektrobit Inc. (EB), received a cash payment of USD 1,075,000 (EUR 0.8 million as per exchange rate of August 28, 2014) in full and final satisfaction of its claim against TerreStar Networks Inc. (TSN) and in resolution of all disputes between EB and The Liquidating Trust (Trust) of TSN, which was formed in connection with TSN's Bankruptcy Court-approved Chapter 11 liquidation plan (Plan). Upon receipt by EB of the Settlement Payment, certain mutual releases of liability and other agreements set in the Settlement have become effective, and it is anticipated that EB's participation in the TSN Chapter 11 cases is concluded. The Settlement Payment will result in a non-recurring positive effect of approximately EUR 0.8 million on Elektrobit Corporation's operating result and a positive effect on Elektrobit Corporation's cash flow of approximately EUR 0.8 million on the third quarter 2014. This payment supplements a USD 650,890 distribution received by EB under the Plan in March, 2012, on that portion of its claim entitled to payment priority under U.S. bankruptcy law. Earlier, on August 12, 2014 U.S. time the United States Bankruptcy Court formally approved the motion seeking approval of a conditional agreement of settlement (Settlement) between EB and the Trust of the various disputes between EB and the bankruptcy estate of TSN and certain of its subsidiaries and affiliates. The Settlement follows a settlement previously entered into between EB and TerreStar Corporation (TSC) and certain of its preferred shareholders in TSC's Chapter 11 reorganization cases. Pursuant to that settlement, on August 28, 2012 TSC made a cash payment to Elektrobit Inc. of USD 13.5 million in full and final satisfaction of EB's claim against that entity and the parties exchanged mutual releases. That settlement did not include TSN and did not include any distribution from the TSN Chapter 11 cases.

Similar Private Companies By Industry

Company Name Region
Lingo, Inc. United States
Windstream NuVox Arkansas, LLC United States
Telverse Communications, Inc. United States
Japan Telecom America, Inc. United States
Beulahland Communications, LLC United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact TerreStar Networks, Inc., please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at