Iridium

NEW YORK-Motorola Inc. said it is finishing a schedule to de-orbit Iridium L.L.C.’s 66-satellite constellation after the satellite company failed to find a buyer after months of searching. A scheduled …

Just two months ago, Castle Harlan Inc. stepped in and granted Iridium L.L.C. a stay of execution, offering to purchase the fledgling company for $50 million. Iridium’s bubble burst, however, …

LONDON-Amid the flickering satellite communications business, Craig McCaw’s ICO-Teledesic Global Ltd. appears to be shining bright after receiving more than $1 billion in investor financing led by McCaw’s Eagle River …

WASHINGTON-The shift of satellite export jurisdiction from the Commerce Department to the State Department, and the resulting loss of U.S. business, has triggered a legislative backlash that could return oversight …

Chase Manhattan Bank filed papers in the U.S. District Court in Delaware June 9 alleging 17 members of Iridium L.L.C. have not met any reserve capital call obligations that secure …

Castle Harlan Inc., a New York City-based merchant bank, pulled away from its fellow contenders last week in the race to save Iridium L.L.C. when Iridium filed a motion in …

A group of satellite technology experts, military officials and debt and operational restructuring professionals have submitted a proposal to acquire the assets of Iridium L.L.C. for $61 million, but according …

As Globalstar Telecommunications Ltd. faces a funding gap, a proposed merger between two emerging satellite operators adds yet another twist in the short history of the mobile satellite industry. Globalstar …

NEW YORK-SkyBridge L.P. is building a network and a business model designed to sidestep the negatives associated with other land and space alternatives for local loop broadband communications delivery. The …

The GOP-led Congress thought it had the answer. Responding with indignant outrage to alleged technology transfers from U.S. satellite firms to China and Russia in recent years, Republicans passed legislation …

WASHINGTON-According to a letter filed with the U.S. Bankruptcy Court, London-based Constellation 2000 Group has offered to pay $250,000 for a 40-day option to purchase Iridium L.L.C.’s satellite communications assets …

CHESTERFIELD, Mo.-Referring to the failure of Iridium L.L.C.’s satellite phone service and the continued growth of OmniTracs’ Internet-based satellite tracking service, a report by Datacom Research Co. and Farrar & …

RESTON, Va.-American Mobile Satellite Corp. is offering an “instant rebate” promotion on its Skycell services to the 55,000 former customers of Iridium L.L.C. The promotion, which expires on June 13, …

Rep. Dick Gephardt (D-Mo.) is an American beauty. Gephardt, captivated with the rise of Clinton-Gore and hungry to become the next House speaker, apparently has decided that nice, button-down politicians …

It’s only been two weeks since Iridium L.L.C. shut off its network in disgrace, and already Globalstar L.P. is feeling the skepticism analysts and the media have heaped upon it …

More mobile satellite service providers and distributors have developed promotional offers aimed at former Iridium L.L.C. subscribers now left without service after the company terminated service abruptly two weeks ago. …

WASHINGTON-Motorola Inc. said it will maintain some service to the Iridium satellite system for a limited period of time to allow subscribers in remote regions time to obtain alternative communications. …

When launched in November 1998, Iridium L.L.C. hoped the glare from its low-earth-orbit satellites would catch the attention of earthbound eyes and cause a stir. It soon will succeed in …

Having finally gotten back on track financially, ICO Global Communications hit another stumbling block last weekend when the launch of its first satellite placed the payload in the Pacific Ocean, …

After spending 10 years and $5.8 billion building and launching a constellation of 66 low-earth-orbit satellites to provide mobile voice and paging services worldwide, Iridium L.L.C. is facing a new …

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 …

Kansai Tele-Message and Hokkaido Telemessage became the latest victims in Japan’s declining paging industry. Kansai Tele-Message filed for liquidation with US$183 million in debts, and Hokkaido had US$6.3 million in …

MELBOURNE, Australia-In a part of the world that still relies on word of mouth as a means to keep in touch, cellular communications-both digital and analog-is continuing to spread through …

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 …