WildBlue Saviors to the Rescue? SkyREPORT 12/17/02 According to reports, WildBlue, the struggling Ka-Band satellite company, may receive almost $200 million from a group headed by John Malone's Liberty Media.
In addition to Liberty, the National Rural Telecommunications Cooperative is rumored to be part of the group, the Rocky Mountain News reported last week. An announcement on WildBlue is expected this week, the newspaper said.
Officials from NRTC, which has been aggressively pushing for a satellite broadband solution to serve its rural customers, wouldn't comment on the report.
Any new funding for WildBlue, which wants to deliver broadband via satellite services, would be a big step for the struggling company. The Rocky Mountain News said the money would provide enough financing to launch WildBlue's first satellite, which could take place in 2004.
Previously, Liberty invested $61 million for an 16 percent share of WildBlue. Liberty also has a stake in Astrolink, another Ka-Band licensee.
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