Mobile communications provider TerreStar Networks announced today the successful launch of TerreStar-1, a commercial communications satellite. Today’s launch advanced TerreStar’s strategic vision of delivering voice, data and video services on an all-IP, next-generation, mobile broadband network that combines the power of TerreStar-1, an all-IP core network, and the latest in smartphone technology.

Launched by Arianespace from Kourou, French Guiana, TerreStar-1 is the foundation for TerreStar’s satellite communications network. Prior to the launch of TerreStar-1, the company, with its partner Elektrobit, introduced a quad-band GSM and tri-band WCDMA/HSPA smartphone with integrated all-IP, satellite-terrestrial voice and data capabilities. TerreStar’s dual-mode smartphone will allow users to seamlessly and securely stay connected to TerreStar’s satellite and terrestrial network.

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Warner Bros. Discovery shares closed up over 5% Thursday on increased speculation that it plans to split off its linear business off from the studio and streamer Max . CNBC ’s David Faber reported that

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