Volume Spike Investor

TerreStar Networks (TSTR) is up almost 17% to $2.50 on news of an agreement between TerreStar and AT&T to bring to market the first fully integrated satellite cellular smartphone.

The TerreStar solution will combine AT&T’s wireless connectivity with the ability to use an all-IP satellite network as back up throughout the United States. Using one phone number and one device, 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.

Douglas A. McIntyre