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Technology Stocks : Loral Space & Communications
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To: JMD who wrote (1522)11/21/1997 11:10:00 AM
From: Thomas   of 10852
 
FYI. Spat with Mexico. Can't imagine this will be the last such disagreement, but also can't see the issue remaining unresolved.

Courtesy of Business News Americas (Latin American email news svc.):

Mexico Threatens Cutting US Satellite Access over ICO Blockage - Mexico

November 21, 1997

Mexico would deny US satellite companies GolbalStar and Iridium access
to Mexico's telecommunications market if the US were to do the same to
Mexico's mobile communications company ICO, Mexico's communications
undersecretary, Renato Flores, said.

Mexico's government considers the US's proposed blockage of ICO from
American markets as a violation of the countries' reciprocal satellite
agreement, Flores said.

The US initially denied ICO authority to transmit satellite signals in
the US because the proposed ICO project had been linked to the United
Nations, and therefore could not compete in commercial markets.

Mexico's government is a minority shareholder, via Mexico's Telecom, in
ICO's proposed US satellite project.

Source: El Economista
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