TerreStar Europe Submits 2GHz MSS S-Band Spectrum Authorization Application to European Commission

Business Wire, Oct 7, 2008

LONDON -- TerreStar Europe Limited, a European mobile communications provider and an indirect, majority-owned subsidiary of TerreStar Corporation (NASDAQ:TSTR), today announced that it has submitted an application with the European Commission for a Pan-European 2GHz MSS S-band spectrum authorization.

TerreStar Europe plans to create a pan-European integrated satellite and complementary ground component network that is designed to provide high quality, cost-effective, seamless wireless applications and services to urban, rural and remote regions of Europe on a wholesale basis.

The TerreStar satellite-terrestrial wireless broadband network can allow customers to operate using a conventionally-sized mobile device capable of communicating over both traditional land-based wireless networks and the satellite network. TerreStar plans to provide multiple communications applications including voice, data, and video services.

About TerreStar Europe Limited

TerreStar Europe Limited, an indirect, majority-owned subsidiary of TerreStar Corporation (NASDAQ:TSTR), plans to develop the first next-generation mobile satellite integrated with terrestrial communications networks that will provide universal access and tailored applications throughout Europe over conventionally-sized wireless devices.

About TerreStar Corporation

TerreStar Corporation is the controlling shareholder of TerreStar Networks Inc. and TerreStar Global Ltd. For additional information on TerreStar Corporation, please visit the company's website at www.terrestarcorp.com.

Statement under the Private Securities Litigation Reform Act:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the strategy of TerreStar Corporation, its plans, and the transactions described in this press release. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, proposed, potential and similar words and terms in connection with future results. We assume no obligation to update or supplement such forward-looking statements.