Dish Network Corp. (DISH) has submitted a $1.375 billion cash bid for TerreStar Networks Inc. in a bankruptcy auction, according to Reuters. Among other assets, TerreStar holds wireless spectrum.
Dish was competing for the opening bid against MetroPCS Communications Inc. (PCS) and a group of senior noteholders.
Under terms of the bid, TerreStar may obtain competing bids until June 27. A court-supervised auction is set to occur on June 30. Dish Network also recently acquired Blockbuster Inc. through the bankruptcy process.
Dish Network bids $1.375B for bankrupt TerreStar Networks
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What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants