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TerreStar, AT&T to launch satellite smartphone
 
 
  
 
 Reuters - Thursday, October  1
 
 
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- TerreStar Corp's <TSTR.O> majority-owned unit signed a deal with AT&T <T.N> to launch the first fully integrated satellite smartphone, sending its shares up 39 percent to a 52-week high.
 
Users will be able to access voice and data services in the United States, Puerto Rico, the U.S. Virgin Islands and offshore coastal waters over either the AT&T cellular network or the TerreStar satellite network, said the unit, mobile communications provider TerreStar Networks Inc.
 
The service is intended to work as a user's everyday cellular smartphone device, with satellite access capability as a secondary option when needed.
 
TerreStar shares rose to a high of $2.95 before paring some gains to trade up 20 percent at $2.56 Wednesday morning on Nasdaq.
 
 
 
 
   
 
 
 
 
 
 
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