The monthly average revenue per user (ARPU) of Southern Cone cellular operators fell more than 50 percent during the last five years. In 1996, a cellular user in Argentina spent US$95 per month and one in Chile US$63, and those same subscribers paid US$45...
New ICO Global Communications Holdings Ltd. has hand-delivered a letter to Federal Communications Commission Chairman Michael K. Powell, asking the commission to allow mobile satellite service operators to use MSS spectrum for terrestrial-based services, citing the past failure of Iridium L.L.C. and the present...
Globalstar L.P. reported revenues for the fourth quarter and year ended Dec. 31 of $1.1 million and $3.7 million, respectively, however the company continues to see minimal growth in voice traffic and said in its annual filing with the Securities and Exchange Commission it...
WASHINGTON-Law firm Cohen, Milstein, Hausfeld & Toll P.L.L.C. filed a lawsuit against Globalstar Telecommunications Ltd. and Loral Space & Communications Ltd. in the U.S. District Court for the Southern District of New York on behalf of purchasers of securities of Globalstar during the period...
NEW YORK-Loral Space & Communications Ltd. reiterated in its fourth quarter and year-end 2000 financial results that it is substantially revising its plan for participation in the broadband communications market and it has modified its involvement in Globalstar L.P.The company reported a net loss...
NEW YORK-Although some satellite companies, like Globalstar L.P. and Iridium, have stumbled badly while chasing mobile telephony, provision of broadband communications remains a meaningful business opportunity for these extraterrestrial carriers, even in the United States.The inability of land-based wireline and wireless connectivity alternatives to...
LOS ANGELES-Loral Space & Communications will forgo plans to deploy a two-way broadband satellite system and instead focus on its core strengths of providing data delivery platforms for outside customers, including designing and building satellites, managing satellites and leasing transponders, said Bernard Schwartz, chairman...
Qualcomm Inc. said it is reviewing the need for and timing of its proposed initial public offering of Qualcomm Spinco Inc., the company's semiconductor business, which it plans to spin off.Regardless of the decision on the IPO, Qualcomm said it still expects the spinoff...
It has been less than 20 years since the first commercial cellular phone call was completed in the United States.The date was Oct. 13, 1983. Bob Barnett, then president of Ameritech Mobile Communications Inc., placed a call from a Chrysler convertible at Soldier Field...
Globalstar Telecommunications Ltd. took a bold, albeit peculiar, step last week, announcing it is suspending indefinitely principal and interest payments on all its funded debt, including its credit facility, vendor financing agreements, senior notes, dividend payments and preferred stock.Globalstar was supposed to pay $45...
JOHANNESBURG, South Africa-Globalstar could be the last hope for global mobile personal communications by satellite (GMPCS) survival in Africa. During a heated debate at the Satcom Africa '99 conference held recently in Midrand, South Africa, many participants concluded that after the setbacks experienced by...
NEW YORK-Although the technology-laden Nasdaq posted its strongest one-day gain ever in response to the Federal Reserve Board's surprise rate cut Jan. 3, the market remains poised for gradual shakeout of accumulated excesses.The transition to more rational corporate valuations and expenditures will be uncomfortable,...
Globalstar USA, in desperate need of some debt relief, announced it launched Globalstar Data Services, which will provide 9,600 bit per-second Internet connectivity for the same per-minute rate as voice service.Customers can use a Globalstar phone like a wireless modem. The current model Globalstar...
NEW YORK-Globalstar do Brasil and South American transportation company Itapemirim have teamed up to put mobile phones on 43 inner-city buses in South America.The service is scheduled to start December 1, and the phones will be installed on all new buses in Itapemirim's fleet....
NEW YORK-Globalstar do Brasil and South American transportation company Itapemirim have teamed up to put mobile phones on 43 inner-city buses in South America.The service is scheduled to start Dec. 1., and the phones will be installed on all the new buses in Itapemirim's...
Qualcomm released its fourth-quarter financial results ending Sept. 30 after the stock market closed last Thursday, showing a 10-percent increase in net income for the quarter compared with the fourth quarter of 1999, and just beating out analysts' lowered expectations for returns per share...
The satellite-based telecommunications market made headlines again last week as Globalstar Telecommunications Ltd. released disappointing financial results and bankrupt provider Iridium L.L.C. endorsed a $25 million buyout bid from former airline executive Dan Colussy.Globalstar's results were based on what it called "unacceptably slow" subscriber...
WASHINGTON-As the FCC's Enforcement Bureau prepared to celebrate its one-year anniversary, the agency fined Qualcomm Inc. $25,000 for not complying with the 911 strongest-signal rules.The fine, which was agreed to as part of a consent decree, was the second one the Federal Communications Commission...
The satellite-based telecommunications market made headlines again as Globalstar Telecommunications released disappointing financial results and bankrupt provider Iridium endorsed a US$25 million buyout bid from former airline executive Dan Colussy.Globalstar's results were based on what it called "unacceptably slow" subscriber growth and use. At...
SAN FRANCISCO-Globalstar USA introduced the "Time or Money" promotional pricing offer, where customers who purchase either a handheld or fixed satellite phone and sign up for Globalstar service receive a rebate coupon for either 300 minutes of satellite airtime (valued at $500) or $300...
For more than six months the mobile satellite industry has been trying to polish its image after the well-publicized failure of Iridium L.L.C. tarnished the reputation of all those involved in the industry.While Iridium shuffled in and out of bankruptcy court and deliberated with...
NEW YORK-Globalstar Telecommunications Ltd. said five of its founding partners are purchasing 5.2 million shares of GTL common stock for $56 million.Loral Space & Communications, Vodafone, Qualcomm Inc., Elsacom and TE.SA.M agreed to purchase the stock for $10.71 per share. Loral is purchasing $12...
WASHINGTON-The Federal Communications Commission said it has signed up 29 co-sponsors for the Indian Telecom Training Initiative (ITTI 2000) to be held Sept. 25-28 in St. Paul, Minn.Co-sponsors include Alltel Corp., AT&T Corp., Ericsson Inc., Globalstar L.P., Lucent Technologies Inc., Lukas, Nace, Gutierrez &...
