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IRIDIUM ANNOUNCES INTENTION TO LAUNCH 96 ADDITIONAL SATELLITES

Iridium L.L.C., the international consortium working to establish a 66-satellite network for a global wireless personal communications network, announced it intends to launch and operate an additional constellation of 96 low-earth-orbit satellites to provide global advanced digital two-way voice and data communications.The company recently...

GLOBALSTAR TO ISSUE $325M SENIOR NOTES

NEW YORK-Globalstar, L.P., which plans to become a wholesaler of a satellite-based wireless voice and data communications, will sell a $325 million issue of senior notes.Globalstar, headquartered in New York, expects to begin offering commercial service in the fall of next year from a...

NTIA CHIEF IRVING DEEMS CHINA SUMMIT A SUCCESS

WASHINGTON-National Telecommunications and Information Administration head Larry Irving called the first U.S.-China telecommunications summit "a resounding success," an appraisal that belies the Clinton administration's growing frustration with Chinese trade barriers and one that could reinforce the view that high-tech commerce is driving U.S. foreign...

BILL TO RESTRUCTURE SATELLITE POLICY MAY BE STALLED IN CONTROVERSY

WASHINGTON-Though legislation to privatize the world's two multigovernment international satellite consortia is unlikely to move until next year, firms are moving ahead aggressively to lock in new mobile satellite service spectrum to position themselves for uncertain competition.Last week's hearing on a bill to restructure...