ICO

Craig McCaw’s Eagle River Investments L.L.C. announced it will not invest in Iridium L.L.C., forcing Iridium to look elsewhere for financial backing to pull it out of Chapter 11 bankruptcy …

DENVER, United States-Globalstar USA became the latest Globalstar L.P. partner to launch full commercial service, completing the company’s North American coverage for its mobile satellite phone service, perhaps Globalstar’s most …

NEW YORK-Though not for those impatient or faint of heart, satellite-sector investing has reaped handsome rewards overall in recent years and promises better days ahead. “Last year’s stumblers have addressed …

Is it a bird? A plane? No, it’s Craig McCaw, swooping in to rescue yet another struggling satellite wireless phone company-leading a group of investors to provide $74.6 million in …

It seems the dark cloud that settled over the mobile satellite services industry when Iridium L.L.C. and ICO Global Communications went bankrupt last August has begun to lift, reflected by …

A U.S. bankruptcy court has given ICO Global Communications final approval for $500 million in financing from an investor group led by Craig McCaw and Indian media magnate Subhash Chandra, …

Just weeks after a bankruptcy court approved the first part of his plan to bail out the financially struggling ICO Global Communications, Craig McCaw reportedly is close to completing a …

ICO Global Communications announced the first $150 million in interim debtor-in-possession financing offer led by Craig McCaw and his Eagle River Investments L.L.C. affiliate has been approved by the U.S. …

ICO Global Communications Ltd. received final commitments for the $1.2 billion in financing needed to finish building its satellite voice network from none other than cellular industry pioneer Craig McCaw. …

Bankrupt mobile satellite service provider ICO Global Communications said it has received letters of intent for the first in an expected three-stage debtor-in-possession financing package that, when complete, would total …

GENEVA-Globalstar officially announced at Telecom ’99 a phased launch of its mobile satellite service. The phased launch begins with user trials, followed by a soft launch that will allow the …

While the bankruptcies of Iridium L.L.C. and ICO Global Communications have cast doubt on the mobile satellite services market, fixed satellite services provider Teledesic L.L.C. believes it may find a …

DUBLIN, Ireland-There has been much debate over the future of satellite-based communications. Indeed, regular readers of the financial press might wonder if it has any future in the new millennium …

Besieged by doubts over the very existence of a market for satellite-based voice services, low-earth-orbit carriers are starving for some kind of positive development to feed investors and customers alike. …

The second mobile satellite company in less than a month filed for Chapter 11 bankruptcy in a U.S. court at the end of August. ICO Global Communications Holdings and three …

NEW YORK-Wireless carriers can only imagine scaling back their costly call-flooded customer support centers and slashing the overhead that comes with them. And wireless users long to regain those wasted …

The mobile satellite industry is now under extreme pressure to justify itself. With Iridium’s and ICO’s bankruptcy filings last month, Globalstar is suddenly on the hot seat as industry defender-whether …

Adding to the mounting woes of the mobile satellite services industry, ICO Global Communications reportedly filed for Chapter 11 bankruptcy protection late last week. Reuters news service broke the story, …

After defaulting on both its $800 million senior secured credit facility and its $750 million guaranteed credit facility last week, Iridium L.L.C. filed for voluntary Chapter 11 bankruptcy protection. Iridium …

BellSouth Wireless Data L.P. said it has added 195 new base stations to its nationwide network during the first half of the year. The effort is part of an ongoing …

ICO Global Communications Ltd. was forced to cancel its rights offering because subscriptions did not meet the minimum total of $500 million for it to be completed by the July …

The government of Kazakhstan’s temporary ban on Russian rocket launches from the Baikonur cosmodrome has mobile satellite service providers with upcoming launch dates there watching the situation carefully. The ban …

United Kingdom British Telecommunications plc said it will buy Control Data Systems Inc., a software company based in Arden Hills, Minn., for $340 million. The purchase will expand British Telecom’s …

The U.S. Department of Justice cleared the planned global venture between AT&T Corp. and British Telecommunications plc, said AT&T. In July 1998, AT&T and BT announced their intentions to form …

NEW YORK-“The best news I will present today is that, for the first time in more than a year, there is significant interest by institutional investors” in private equity investments …