08.02.2008 23:36 Uhr, Quelle: Engadget

TerreStar nabs $300 million in funding, aims for satellite launch by end of year

Filed 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 satel

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