UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 26, 2007
TERRESTAR CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware | 001-33546 | 93-0976127 |
(State or Other Jurisdiction
of Incorporation) | (Commission
File Number) | (IRS Employer
Identification No.) |
12010 Sunset Hills Road, 9th Floor
Reston, VA | |
20190
|
(Address of Principal
Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: 703-483-7800
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 – Entry into Material Definitive Agreement.
On October 22, 2007, TerreStar Networks Inc. (“TerreStar”), a majority-owned subsidiary of TerreStar Corporation (formerly Motient Corporation), entered into a Master Services Agreement with Bechtel Communications, Inc. (“Bechtel”). Under the agreement, which has an effective date of October 18, 2007, Bechtel will provide services related to site acquisition and construction of TerreStar’s terrestrial network (“Radio Access Network” or “RAN”) in the Baltimore / Washington D.C. area. Bechtel will also provide program management services coordinating the overall installation and commissioning activities of TerreStar’s other vendors involved in the RAN deployment. TerreStar expects to purchase approximately $76 million worth of Bechtel’s services under this agreement over the next 24 months. TerreStar has the right to terminate this agreement at anytime by paying for the work completed at the time of termination and reimbursing Bechtel certain out-of-pocket expenses.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | TERRESTAR CORPORATION |
| |
| |
| |
| | By: | /s/Jeffrey W. Epstein |
| | | Jeffrey W. Epstein |
| | | General Counsel and Secretary |
| | | |
| Date: October 26, 2007 | | |
