NexGen Telecom Buys USDTV11/17/2006 7:30 AM Eastern
NexGen Telecom acquired the assets of U.S. Digital Television from bankruptcy court, according to officials.
UDSTV -- which was offering a low-cost, no-frills digital wireless-TV service -- filed for Chapter 7 bankruptcy protection this summer. Steve Lindsley, who has headed up USDTV since its beginning in 2003, will continue on as CEO.
“Acquiring the USDTV assets and hiring Steve Lindsley as our chief executive were critical steps needed to boldly move our company forward as we enter the competitive digital-services marketplace,” NexGen Telecom chairman Charles McNeil said in a prepared statement.
“Steve and his management team have led the industry and were the first group in the U.S. to distribute cable networks ‘over-the-air’ using the digital spectrum of local broadcasters,” he added.
NexGen is also adding MountainWest Sports Network, the mtn., to USDTV’s program lineup.
USDTV service is being sold online and through select Wal-Mart Stores locations in Salt Lake City; Dallas/Fort Worth, Texas; Albuquerque, N.M.; and Las Vegas.