LINCOLNSHIRE, Ill.—Motient Corp. increased its ownership of TerreStar Networks Inc. from 54.3 percent to 55.1 percent, according to an 8-K filing the company made. The transaction involved Motient Ventures Holding Inc., a wholly owned subsidiary of Motient Corp., purchasing more than 700,000 shares of...
Despite initial anticipation that cable and satellite companies would use the advanced wireless services spectrum auction to catapult into the mobile marketplace, the hype doesn't seem to be panning out. However, walking away from the spectrum auction may not be a bad thing, at...
WASHINGTON—Satellite television providers EchoStar Communications Corp. and DirecTV Group Inc. have pulled out of the advanced wireless service spectrum auction.Click here for the latest headlines from the AWS auction. Click here for full AWS auction coverage.Look below for full details on round 18The satellite...
Motient Corp. scored a solid win against Highland Capital Management L.P. and its president, James Dondero, with news that Motient stockholders voted to elect all of the company's six nominees to the board of directors at its annual stockholder's meeting. "Today's vote is a...
LINCOLNSHIRE, Ill.—Motient Corp. announced a solid win against Highland Capital Management L.P. and its president, James Dondero, with news that Motient stockholders voted to elect all of the company’s six nominees to the board of directors at its annual stockholder’s meeting, held today. "We...
WASHINGTON—A Delaware court rejected Highland Capital Management L.P.’s suit to gain access to Motient Corp.’s books and records, but the Dallas-based hedge fund claims it got a major boost from two independent advisors in its proxy fight to have the mobile satellite holding company’s...
WASHINGTON-Motient Corp.'s largest shareholder filed a new lawsuit against the wireless company, alleging in a Texas court that a recent transaction involving mobile satellite service ownership changes violates federal securities law. "Highland is certainly willing to consider strategic transactions that directly benefit shareholders, but...
WASHINGTON—Motient Corp.’s largest shareholder filed a new lawsuit against the wireless company, alleging in a Texas court that a recent transaction involving mobile satellite service ownership changes violates federal securities law. "Highland is certainly willing to consider strategic transactions that directly benefit shareholders, but...
WASHINGTON—Highland Capital Management L.P. is contacting stockholders of Motient Corp. to criticize the wireless company’s recent deal with SkyTerra Communications Inc. and its proposal to revamp the board of directors. The move continues an escalating proxy fight by Motient’s largest stockholder in advance of...
WASHINGTON-Motient Corp. and SkyTerra Communications Inc. signed agreements to consolidate ownership and control of mobile satellite service assets, whose value is tied to plans to build and operate next-generation hybrid satellite-terrestrial communications networks covering the United States and Canada. As a result of a...
WASHINGTON—Motient Corp. and SkyTerra Communications Inc. said they signed agreements to consolidate ownership and control of mobile satellite service assets, whose value is tied to plans to build and operate next-generation hybrid satellite-terrestrial communications networks covering the United States and Canada. As a result...
LINCOLNSHIRE, Ill.-Motient Corp. and Mobile Satellite Ventures LP announced an agreement with SkyTerra Communications Inc. and TMI Communications & Co. to consolidate ownership of MSV and TerreStar Networks Inc. within Motient. Motient, a wireless data provider for small to medium enterprise businesses, and MSV...
