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...
WASHINGTON-Motient Corp. last week said company Chairman Steven Singer and four other directors would not seek re-election at the wireless company's annual meeting, a development that comes at a time when Highland Capital Management L.P.-the largest single investor in Motient-is lodging a proxy fight...
WASHINGTON—Motient Corp. said Chairman Steven Singer and four other directors will not seek re-election at the wireless company’s annual meeting, a development that comes at a time when Highland Capital Management L.P.—the company’s largest single investor—is lodging a proxy fight to completely revamp the...
WASHINGTON-Motient Corp. may be the wireless industry's premier high-wire act. The Lincolnshire, Ill., company is attempting a great leap forward from a business model based on unprofitable land-based wireless data operations to one premised on high-risk-but potentially lucrative-mobile satellite communications that would work with...
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...
WASHINGTON-The cellular industry this week continued to voice opposition to a request that mobile satellite service spectrum surrendered by Boeing Co. and Iridium be redistributed to other licensees. CTIA said TMI and TerreStar Networks Inc. are simply wrong, arguing the two companies "offer no...
WASHINGTON-The cell-phone industry complained to the Federal Communications Commission that TMI Communications Co. and TerreStar Networks Inc. are seeking "a stealth redistribution" of 2 GHz mobile satellite service spectrum. The two companies, according to CTIA, made the spectrum request in an April 20 letter...
LINCOLNSHIRE, Ill.-Wireless data carrier Motient Corp. announced it purchased a $200 million controlling interest in TerreStar Networks Inc., a company building a mobile satellite network. Motient now owns 61 percent of TerreStar's outstanding stock. Motient's move caps the company's long push to get back...
RESTON, Va.-Mobile Satellite Ventures said it has selected Evercore Partners to provide financial, fund-raising and strategic advisory services.The company said the selection follows the Federal Communications Commission's rulemaking on the provision of hybrid terrestrial-satellite networks using ancillary terrestrial component as well as the recent...
