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TerreStar's business can't seem to get off the ground. The company is developing an IP-based satellite and terrestrial mobile broadband network through its majority-owned TerreStar Networks unit that will provide wireless voice and data services to customers in the US and Canada (basically, the first satellite smartphone). In addition, the company is developing an equivalent service for Europe through TerreStar Global. As a wholesale service provider, TerreStar plans to offer communications services through partners and service providers. In 2010, TerreStar Networks filed...
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