EchoStar, Harbinger invest in TerreStar
Submit on Saturday, February 9th, 2008 06:00
TerreStar Corporation and its subsidiary TerreStar Networks Inc. announced that EchoStar Corporation, Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund LP and other investors have entered into a series of separate agreements constituting a commitment of US$300 million in investments in TerreStar – with US$200 million made available today and the balance dedicated to funding the TerreStar-2 satellite.
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