DALLAS, March 15, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring TerreStar Corporation (Nasdaq:TSTR). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/TSTR
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TerreStar Corporation (TSTR) operates several subsidiaries engaged in the integrated satellite wireless communications business with the intent to offer 3G terrestrial mobile Internet protocol service. The Company expects to provide voice, data and video communications as a next generation mobile communications service throughout North America. The Company's TerreStar Global Ltd. subsidiary intends to offer Pan-European integrated mobile satellite service and 3G terrestrial communications to facilitate emergency communications and rural Internet protocol connectivity.
In the report, the analyst notes:
"With the successful deployment of TerreStar-1 satellite on July 1, 2009, the Company entered into the first step of a truly integrated satellite and 3G terrestrial communications network to service North America. Seamless communications to facilitate mobile communications devices offers convenience and critical communications to business and emergency personnel anywhere in the United States, Canada, Puerto Rico and the U.S. Virgin Islands.
"Institutional interest in the stock is impressive, including Harbinger Capital Partners, Solus Alternative Asset Management, Vanguard and Barclays among a dozen other well-known financial institutions participating in the Company's prospects, totaling nearly 70% of shares held by institutions and mutual funds, according to Reuters."
To read the entire report visit: http://www.beaconequity.com/i/TSTR
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