WASHINGTON-Sparks are flying weeks before public comments are due at the Federal Communications Commission on applications from six firms seeking licenses to operate global pocket-phone satellite systems."I think that some of the competitive systems are basing their financial qualifications on highly speculative investments," said...
With three new investors injecting a fresh $310 million into its low-earth-orbiting satellite project, Iridium Inc. said it has completed its planned equity financing.That means the Motorola Inc.-led international group now can make debt financing arrangements to fund the remainder of its commitments.Iridium seeks...
Other Iridium investors include: Iridium Canada Inc.China Great Wall Industry Corp.Iridium Africa Corp.Iridium Andes-Caribe of VenezuelaIridium India Private Ltd.-a consortium of Indian financial institutions, investing $32 million, one seat on the Iridium board, rights to gateway service covering Bangladesh, Bhutan, India, Maldives, Nepal and Sri...
The International Maritime Satellite Organization has announced more detailed investment plans for "corporatizing" its Inmarsat-P handheld mobile satellite service, stating it hopes to raise an initial $1 billion from its signatories to launch an affiliate company. While significant by itself, this effort also would...
