IP: Iridium Satellite Emerges from the Ashes

[David Farber <dave () farber net>]

> From: Dewayne Hendricks <dewayne () warpspeed com>
>
>
> Iridium Satellite Emerges from the Ashes
>
> Two years after its former incarnation Iridium Co. threw in the towel, the 
> new Iridium Satellite LLC is set to start all over again, this time 
> serving Asia Pacific. The resurrected MSS carrier now is owned by a 
> consortium of investors, including Quadrant Australia Ltd. and Inepar SA 
> of Brazil as well as a group of private U.S. and U.K. investors. The group 
> says it learned from Iridium's past mistakes, and the new company has 
> narrowed its customer targets to industrial, commercial and government 
> customers only. The U.S. DoD is one of the carrier's first customers. 
> Subscribers reportedly will pay about $1.50 a minute, compared with 
> original Iridium rates of about $7 a minute. Calls between Iridium phones 
> will cost less than 51 cents a minute. Reported by Dow Jones.


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