BNET Industries

Last Fiscal Year Sales:$29.3M
  • Private
  • US
Dow Jones Description

TerreStar Corporation (formerly Motient Corporation) was incorporated in 1988 under the laws of the State of Delaware. TerreStar Corporation is in the integrated satellite wireless communications business through its ownership of TerreStar Networks, its principal operating entity, and TerreStar Global. Our primary business is TerreStar Networks, a Reston, VA based provider of advanced mobile satellite services for the North American market. As of March 31, 2009, we have two wholly-owned subsidiaries, MVH Holdings Inc. and Motient Holdings Inc. Motient Ventures Holding Inc., a wholly-owned subsidiary of MVH Holdings Inc., directly holds approximately 88% and 86% interests in TerreStar Networks and TerreStar Global, respectively. Overview TerreStar Networks Inc. TerreStar Networks is our principal operating entity. In cooperation with its Canadian partner, 4371585 Canada, we plan to launch an innovative wireless communications system to provide mobile coverage throughout the United States and Canada using small, lightweight and inexpensive handsets similar to todays mobile devices. This system build out will be based on an integrated satellite and ground-based technology which will provide service in most hard-to-reach areas and will provide a nationwide interoperable, survivable and critical communications infrastructure. ...

Number of Employees 88
Contact Information

300 Knightsbridge Pkwy

Lincolnshire, Illinois 60069

terrestarcorp.c...

1 847 478 4200

NAICS Code All Other Personal Services: 812990

News & Analysis

motient - All News and Analysis

Decision Makers

Name (plus bio) Position
Jeffrey W. Epstein President
Myrna J. Newman Chief Accounting Officer & Controller
Neil L. Hazard Executive Vice President, Chief Financial Officer and Treasurer
Vincent Loiacono Chief Accounting Officer
Dan Croft Senior Vice President, Marketing & Business Development
Mike Fabbri Senior Vice President, Sales
Deborah L. Paterson Vice President, Software Development & Info Technology
Lisa Sarno-Bowen Vice President, Technology Support & Service Analysis
Richard V. Crawford Vice President, Network Engineering
Craig D M Routson
Deborah Peterson
Doug Teitelbaum
Douglas Brandon General Counsel
John J. Ray
Niles K Chura
Robert L. Macklin General Counsel & Secretary
Steven S Turoff
Robert H. Brumley President & CEO

Board of Directors

Name (plus bio) Position
William M. Freeman Chairman of the Board
Barry A. Williamson Board of Directors
C. Gerald Goldsmith Board of Directors
David Andonian Board of Directors
David Grain Board of Directors
David J. Rayner Board of Directors
David Meltzer Board of Directors
Dean Olmstead Board of Directors
Eugene I. Davis Board of Directors
Gerald Goldsmith Board of Directors
Gerald S. Kittner Board of Directors
Ivor Brandon Douglas Board of Directors
Jacques Leduc Board of Directors
James D. Dondero Board of Directors
Jonelle St John Board of Directors
Raymond L. Steele Board of Directors

Organization Position Status
Motient Corporation President Current
Terrestar Networks Inc. President, General Counsel & Secretary Current
Terrestar Corporation President and Secretary Current
Terrestar Corporation General Counsel and Secretary Current
Motient Corporation Secretary Current
Terrestar Corporation Secretary Current
Motient Corporation General Counsel and Secretary Former
Terrestar Networks Inc. General Counsel Former
Kutak Rock Llp Former
St. Thomas University J.D. Former
University of Florida Bachelor of Arts Degree In Business Administration Former

Organization Position Status
Motient Corporation Chief Accounting Officer & Controller Current

Mr. Hazard has over 30 years of finance and operations experience in the telecommunications industry. He also serves as Chief Financial Officer of Motient subsidiary TerreStar Networks. Prior to joining Motient, he served COO and CFO of publicly-held Primus Telecommunications Group, completing the company's initial public offering and four subsequent high yield debt offerings, a secondary equity offering, and a convertible debt offering totaling over $1.5 billion. He held finance and product marketing roles with MCI Communications Corporation. Additionally, he was CFO for Overseas Telecommunications, a start-up international satellite telecommunications carrier, and Assistant Vice President, Finance, for Hughes Network Systems. Mr. Hazard received a Bachelor of Engineering Science degree from Johns Hopkins University, a Masters of Science in Computer systems Manager from the University of Maryland, and an MBA from Harvard University. He is a Certified Public Accountant and a Certified Management Accountant.

Organization Position Status
Motient Corporation Executive Vice President, Chief Financial Officer and Treasurer Current
Terrestar Corporation Cfo Current
Terrestar Networks Inc. CFO Current
Primus Telecommunications Group, Inc. Cfo Former
Hughes Network Systems, LLC Vice President, Finance Former
University of Maryland Masters of Science In Computer Systems Manager Former
MCI Communications Corporation Former
Harvard University Mba Former
The Johns Hopkins University Bachelor of Engineering Science Degree Former

Mr. Loiacono is the Chief Accounting Officer and Principal Financial Officer for TerreStar, and is responsible for the Company's financial planning and analysis, and treasury activities. Mr. Loiacono joins TerreStar with over 25 years of finance, accounting, and operations experience. Prior to joining TerreStar, Mr. Loiacono was Senior Vice President and Corporate Controller of WorldSpace, Inc., a satellite-based radio and data broadcasting service, which operated in countries in Africa, Asia and Western Europe, where he was responsible for all global accounting activities, including compliance and controls, financial reporting, accounting transactional work processes and financial information systems, as well as financial standards, planning and financial support to its global businesses. He also successfully completed WorldSpace's initial public offering of $221 million. Previously, Mr. Loiacono served in senior financial management roles in AT&T Government Solutions and Nextel Communications; and held senior manager and manager roles at public accounting firms KPMG and Deloitte and Touche. Mr. Loiacono has a bachelor of business degree in accounting from Bernard Baruch College. He is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and District of Columbia Society of CPAs.

Organization Position Status
Motient Corporation Chief Accounting Officer Current
Motient Corporation Principal Financial Officer Current
WorldSpace, Inc. Senior Vice President Former
WorldSpace, Inc. Corporate Controller Former

Organization Position Status
Motient Corporation Senior Vice President, Marketing & Business Development Current

Organization Position Status
Motient Corporation Senior Vice President, Sales Current

Organization Position Status
Motient Corporation Vice President, Software Development & Info Technology Current

Organization Position Status
Motient Corporation Vice President, Technology Support & Service Analysis Current

Organization Position Status
Motient Corporation Vice President, Network Engineering Current

Organization Position Status
Metro/Risk, Inc. Owner Current
Motient Corporation Current
The Center Stage Board of Directors Current
University of Baltimore School of Law Degree Former
American University Former

Organization Position Status
Motient Corporation Current
Beatrice Company Safeway, Inc. project manager Former

Doug Teitelbaum is co-owner and a managing partner of Bay Harbour Management, LC. Mr. Teitelbaum served on NextG's Board of Directors for four years and continues to be actively involved. Bay Harbour is an SEC registered Investment Advisor providing investment management services to various domestic and offshore institutional and private investors. Bay Harbour invests in mispriced securities and seeks capital appreciation, value creation and, in some cases, current income through the management of a diversified portfolio of event-driven distressed, private equity and special situation investments. Specifically, within the telecommunications sector, Doug Teitelbaum and Bay Harbour have had active investment roles in companies such as TelCove, Inc. (formerly Adelphia Business Solutions), NextWave Communications, Motient Corporation, MSV Investors, and NEON Communications, among others. Aside from his various business interests, Doug Teitelbaum is an active fund raiser and supporter of medical research foundations and community advancement organizations, and in 2004 raised over $1.4 million net for the Ovarian Cancer Research Fund to establish a grant in his wife's mother's name.

Organization Position Status
Nextg Networks, Inc. Co-Owner Current
Bay Harbour Management L.C Co-Owner Current
NEON Communications, Inc. Current
TelCove Current
Motient Corporation Current
Nextg Networks, Inc. Board of Directors Current

Douglas Brandon is General Counsel and Secretary of TerreStar Corporation and its majority-owned subsidiary TerreStar Networks. He is responsible for the management of all legal matters for the Company. Prior to joining TerreStar, Brandon was Vice President of External Affairs & Law, Chief Counsel for Federal Affairs, and Associate General Counsel at AT&T Wireless Services, Inc. Prior to AT&T Wireless; Brandon had been a Vice President of McCaw Cellular Communications, Inc. Brandon is a member of the New York, District of Columbia and Virginia (Corporate Counsel) Bars. He is also admitted to appear before the Supreme Court of the United States and the U.S. Court of Appeals for the Second, Ninth and District of Columbia Circuits. He was a law clerk to the Honorable William H. Timbers of the U.S. Court of Appeals for the Second Circuit. Brandon received his bachelor's degree from the University of Virginia and his law degree from Vanderbilt University.

Organization Position Status
Motient Corporation General Counsel Current
Motient Corporation Board of Directors Current
AT&T Wireless Services, Inc. Vice President of External Affairs & Law Former
AT&T Wireless Services, Inc. Associate General Counsel Former
University of Virginia Bachelor's Degree Former
Vanderbilt University Degree Former

Organization Position Status
Enron Corp. President Current
Motient Corporation Current
Enron Corp. Chairman of the Board Current
A Better Motient Board of Directors Current
The Fruit Company Chief Administrative Officer Former
The Fruit Company General Counsel Former
Liquidity Services, Inc. Board of Directors Former
The Fruit Company Secretary Former
Drake University J.D. Former
Liquidity Services, Inc. Trustee Former

Organization Position Status
Motient Corporation Current

Organization Position Status
Motient Corporation General Counsel & Secretary Current
Skadden, Arps, Slate, Meagher & Flom LLP Former

Organization Position Status
A Better Motient Chairman and Founder of the Renaissance Consulting Group, Inc. Current
Motient Corporation Current
Turnaround Management Association Board of Directors Current
Dallas Chapter Board of Directors Current
Turnaround Management Association Member Current
American Institute of Certified Public Accountants Member Current
Dallas Chapter Member Current
Arthur Young, Inc. officer Former
A Better Motient Board of Directors Former
Hofstra University B.B.A Degree In Accounting Former

William M. Bill Freeman has served as a director since November 2007. Mr. Freeman served as Chief Executive Officer and President of Arbinet from November 2007 until September 2008. Mr. Freeman served as Chief Executive Officer and director of Leap Wireless International, Inc., a wireless communications carrier, from May 2004 to February 2005 and as President of the Public Communications Group of Verizon Communications Inc., a communications services provider, from 2000 to February 2004. Mr. Freeman served as President and Chief Executive Officer of Bell Atlantic-New Jersey, a telephone company, from 1998 to 2000, President and Chief Executive Officer of Bell Atlantic-Washington, D.C., a telephone company, from 1994 to 1998, and in a number of other executive and management positions at Verizon since beginning in 1974. Mr. Freeman serves as a director of CIT Group Inc., a finance and leasing capital company, a director and chairman of Terrestar Corp. (previously Motient Corp.), a wireless communications company, and a director of Value Added Holdings, Inc., a privately held communications company. Mr. Freeman is a founder and co-owner of Synthesis Security LLC, a/k/a dsynthesis LLC, a software based security systems integrator. Mr. Freeman serves on the Board of Trustees of Drew University. Mr. Freeman received a B.A. in Economics from Drew University and an M.B.A. from Rutgers University.

Organization Position Status
Arbinet-thexchange, Inc. Chief Executive Officer Current
Arbinet-thexchange, Inc. President Current
Drew University Trustee Current
Terrestar Corporation Chairman Current
Terrestar Networks Inc. Chair of Board Current
Motient Corporation Chairman of the Board Current
CIT Group Inc. Compensation Committee Chairman Current
Drew University Board of Directors Current
CIT Group Inc. Director Current
Motient Corporation Board of Directors Current
Leap Wireless International, Inc. Chief Executive Officer Former
Arbinet-thexchange, Inc. Class I Director and Chairman Former
Arbinet-thexchange, Inc. Executive Officer Former
Terrestar Networks Inc. Board of Directors Former
Terrestar Corporation Board of Directors Former
Leap Wireless International, Inc. Director Former
Arbinet-thexchange, Inc. Director Former
Drew University B.A. In Economics Former

Mr. Williamson became a Director in October 2005. Mr. Williamson has been an attorney with the Law Office of Barry Williamson since 1999 and represents clients in matters involving energy, utilities, telecommunication, transportation, environment, deregulation, and advanced technology. From 1992 to 1999, Mr. Williamson served a six-year term on the Texas Railroad Commission, serving as its Chairman in 1995. From 1988 to 1992, Mr. Williamson worked in the Reagan Administration as a principal advisor to the U.S. Secretary of Energy, and then in the administration of President George H.W. Bush, as the Director of the Minerals Management Service, in the U.S. Department of Interior. Mr. Williamson currently serves on the board of SPACEHAB, Inc., a publicly traded commercial and government space services company, and Motient Corporation, a publicly traded provider of wireless mobile data services and wireless internet services. Mr. Williamson holds a B.A. in Political Science from the University of Arkansas and a J.D. from the University of Arkansas Law School.

Organization Position Status
Wilson Family Communities, Inc Director Current
Motient Corporation Board of Directors Current
Tejas, Inc. Former
University of Arkansas J.D. Former
University of Arkansas B.A. In Political Science Former

Organization Position Status
Ampton Investments, Inc Partner & Advisor Current
Pace University Emeritus Director Current
Motient Corporation Board of Directors Current
Plymouth Rubber Company, Inc. Board of Directors Former
The Property Company Director Former
Nine West Group, Inc. Director Former
Harvard Business School M.B.A. Former
University of Michigan A.B. Former

Organization Position Status
Dace Ventures Founder Current
Dace Ventures Managing Partner Current
Motient Corporation Board of Directors Current
Terrestar Networks Inc. Director Current
Terrestar Corporation Board of Directors Current
Vitrue, Inc Director Current
Affinnova, Inc. Chief Executive Officer Former
CMGI, Inc. President and Chief Operating Officer Former
Flagship Ventures Entrepreneur-In-Residence Former
Affinnova, Inc. Chairman Former

Organization Position Status
Motient Corporation Board of Directors Current

Organization Position Status
Echostaruser.Org Chief Financial Officer Current
Echostaruser.Org Executive Vice President, Installation and Service Network Current
Echostaruser.Org Senior Vice President Current
Motient Corporation Board of Directors Current
Terrestar Corporation Board of Directors Current
EchoStar Corporation Chief Administrative Officer Former
EchoStar Communications Corporation CFO & Executive Vice President Former
tw telecom inc. Chief Financial Officer Former
tw telecom inc. Senior Vice President Former
Dish Network Business Solutions Executive Vice President Former
tw telecom inc. Vice President, Finance Former
DISH Network Corporation Executive Vice President, Installation & Service Network Former
EchoStar Corporation Executive Vice President Former
tw telecom inc. Controller Former
tw telecom inc. Financial and Operational Management Positions Former
EchoStar Communications Corporation Board of Directors Former
Northern Illinois University bachelor's degree in Accountancy Former
Northern Illinois University bachelor's degree in Accountancy Former

Organization Position Status
The American National Red Cross Senior Vice President for International Services Current
Motient Corporation Board of Directors Current
Terrestar Corporation Board of Directors Current
Intelsat, Ltd. Vice President Former
George Washington University National Law Center J.D. Former
The George Washington University Law School J.D. Former
George Washington University National Law Center B.A. Former
The George Washington University Law School B.A. Former

Dean Olmstead serves as the President of EchoStar Satellite Services. He is responsible for developing that branch of our business utilizing our satellites, FCC licenses, digital broadcast centers and fiber optic capacity. Before joining the company in January 2008, Olmstead served as an advisor to Loral Space & Communications on strategic and growth opportunities for its satellite service businesses and served on its board of directors. Additionally, he was President of Arrowhead Global Solutions, President and CEO of SES Americom and held leadership positions with DirecTV Japan, NASA and the U.S. State Department.

Organization Position Status
EchoStar Corporation President, EchoStar Satellite Services L.L.C. Current
Satellite Development LLC Influential Executive Current
Motient Corporation Board of Directors Current
Terrestar Corporation Board of Directors Current
SES Americom, Inc. CEO Former
SES Americom, Inc. President Former
Arrowhead, Inc President Former
Arrowhead Global Solutions, Inc. President Former
National Aeronautics and Space Administration Former
PanAmSat Holding Corporation Former
American University Ph.D. in Economics Former
Stanford University M.A. Former
Western Washington University B.S. In Economics, Mathematics Former

Organization Position Status
Golden Northwest Aluminum Inc. Chief Executive Officer Current
Gravity-Entertainment.Com Director of Gravity Entertainment Current
Haights Cross Communications Inc. Board of Directors Current
Viskase Companies, Inc. Director Current
TelCove Chairman of the Board Current
WCI Steel, Inc. Chairman of the Company's Audit and Compliance Committee Current
Atlas Air Worldwide Holdings Inc. Chairman of the Board Current
Cadence Innovation, LLC. Chairman of the Boards Current
McLeodUSA Incorporated Chairman of the Boards Current
SeraCare Life Sciences, Inc. Chairman of the Board of Directors Current
Haights Cross Communications Inc. Chairman Current
Ballast Point Ventures, L.P. Director Current
Tipperary Corporation Board of Directors Current
Footstar, Inc. Director Current
Oglebay Norton Company Director Current
Media General, Inc. Board of Directors Current
Germantown Maryland Board of Directors Current
Pliant Corporation Director Current
Metals USA, Inc. Director Current
O'Sullivan Industries Holdings, Inc. Director Current
Granite Broadcasting Corporation Director Current
Vanceva Board of Directors Current
Delta Air Lines, Inc. Board of Directors Current
Eagle Geophysical, Inc. Director Current
American Commercial Lines Inc. Director Current
American Commerical Barge Line Co. Director Current
Rural/Metro Corporation Director Current
Medicor, Ltd. Director Current
MOSAID Technologies Incorporated Board of Directors Current
Skydrol Board of Directors Current
Ion Media Networks, Inc. Director Current
Terrestar Corporation Board of Directors Current
Knology, Inc. Director Current
Graceba Total Communications Director Current
Foamex International Inc. Board of Directors Current
Motient Corporation Board of Directors Current
Maryland.Com Board of Directors Current
Sport Supply Group, Inc. Chief Executive Officer Former
Water Tower Capital, LLC Chairman and Chief Executive Officer, Pirinate Consulting Group, L.L.C. Former
PRG-Schultz International, Inc. Chairman and CEO, Pirinate Consulting Group Former
Sport Supply Group, Inc. President Former
Metals USA, Inc. Co-President Former
Emerson Radio Corp. President Former
Emerson Radio Corp. Interim Cfo Former
Emerson Radio Corp. Executive Vice President Former
Arter & Hadden Partner Former
Amoco Corporation International Attorney Former
Standard Oil International Attorney Former
General Chemical Industrial Products Inc. Chair of Board Former
Atlas Air Worldwide Holdings Inc. Director Former
Atari, Inc. Board of Directors Former
McLeodUSA Incorporated Board of Directors Former
TelCove Director Former
Emerson Radio Corp. Director Former
Emerson Radio Corp. Vice Chairman Former
Sport Supply Group, Inc. Vice Chairman Former
Columbia University Law School J.D. Former
Columbia University Doctorate Former
The School Company Master Former
Columbia University Masters of International Affairs Former
Columbia College Bachelor's Degree Former
Columbia University B.A. In International Politics Former

Organization Position Status
Motient Corporation Board of Directors Current

Organization Position Status
Motient Corporation Board of Directors Current

Organization Position Status
Motient Corporation Board of Directors Current

Organization Position Status
Microcell Telecommunications Inc. NA Current
Terrestar Corporation Board of Directors Current
Terrestar Networks Inc. Board of Directors Current
Motient Corporation Board of Directors Current
Microcell Telecommunications Inc. Chief Financial Officer Former
Microcell Telecommunications Inc. Vice President Finance Former
Microcell Telecommunications Inc. Director Former
Rural Cellular Corporation Board of Directors Former

Organization Position Status
Motient Corporation Board of Directors Current

Organization Position Status
Motient Corporation Board of Directors Current
Arthur Andersen LLP Former

Organization Position Status
Horizon Offshore, Inc. Principal Accountant Fees and Services Current
Terrestar Corporation Chairman of Motient Current
RCN Metro Optical Networks Director Current
Motient Corporation Board of Directors Current
Horizon Offshore, Inc. Board of Directors Current
Webcraft Technologies Chief Executive Officer Former
Provident Bank Chief Investment Officer Former
Provident Bank Vice President Former
Provident Bank Trust Officer Former
Dualstar Technologies Corporation member Former
Webcraft Technologies Chairman of the Board Former
Modernfold, Inc. Director Former
Video Services Board Member Former
Dualstar Technologies Corporation Board of Directors Former
Emerson Radio Corp. Director Former

Array

Organization Position Status
Terrestar Corporation President and C.E.O. Current
Terrestar Corporation Board of Directors Current
iBasis, Inc. Board of Directors Current
Terrestar Networks Inc. President & CEO Former
Pegasus Global Corp managing member Former
Motient Corporation Director Former

Executive News

  • iBasis Inc. Q2 2009 Earnings Call Transcript

    Seeking Alpha - 7/23/09 - View Story

  • iBasis Board Of Directors Forms Special Committee Of Independent Directors In Connection With...

    Forbes.com - 7/21/09 - View Story

  • iBasis Board Of Directors Forms Special Committee Of Independent Directors In Connection With Unsolicited Proposed Tender Offer From Royal KPN N.V.

    Reuters - 7/21/09 - View Story

  • OTCPicks.com: DUSS, BBYB, SSHO, HGSI, ZCNW, TSTR, July 20 Daily Market Movers Digest Report from OTCPicks.com

    TradingMarkets - 7/20/09 - View Story

  • TerreStar Successfully Completes Call Over TerreStar-1 with TerreStar Handsets

    Reuters - 7/20/09 - View Story

  • TerreStar Successfully Completes Call Over TerreStar-1 with TerreStar Handsets First Satellite Call Ever Made Between Integrated Satellite-Terrestrial Smartphones; TerreStar Certifies Completion of F

    DMN Newswire - 7/20/09 - View Story

  • TerreStar Successfully Completes Call Over TerreStar-1 with TerreStar Handsets

    PR Newswire - 7/20/09 - View Story

  • Satellite Communications and Content Delivery Professionals Prepare for Industry's Premier...

    Forbes.com - 7/16/09 - View Story

  • Satellite Communications and Content Delivery Professionals Prepare for Industrys Premier Conference Event with SATCON Expo in New York

    Business Wire - 7/16/09 - View Story

  • Hybrid Cellular Satellite Will Boost Rural Coverage

    CIO Today - 7/02/09 - View Story

  • Satellite Industry Takes New Spin

    Wireless Week - 7/01/09 - View Story

  • TerreStar Successfully Launches World's Largest, Most Powerful Commercial Communications...

    Reuters - 7/01/09 - View Story

  • UPDATE: TerreStar Launches Commercial Satellite For Internet

    CNN Money - 7/01/09 - View Story

  • TerreStar Successfully Launches World's Largest, Most Powerful Commercial Communications Satellite

    PR Newswire via Yahoo! - 7/01/09 - View Story

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