TerreStar gets spectrum license from FCC

admin Contributor
Font Size:

RESTON, Va. (AP) — TerreStar Corp. said Thursday that the FCC has granted its subsidiary, TerreStar Networks Inc., a license to integrate terrestrial use of its 20 Mhz S Band spectrum into its next-generation mobile wireless network.

TerreStar said the approval will enable it to improve coverage, network capacity and throughput in its combined mobile satellite and terrestrial communications network, which offer cell phone voice and data service access in North America.

Shares of the wireless communications company jumped 21 cents, or 20 percent, to $1.26 in afternoon trading.