Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 67.82

-0.9%

Dec 8 3:59 PM EST

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To: Rocket Scientist who wrote (5693)	7/13/1999 9:39:00 PM
From: Marty Rubin	of 29987

(in case you need the source: biz.yahoo.com Tuesday July 13, 6:50 pm Eastern Time GlobalStar sees Mexico start in Q499 MEXICO CITY, July 13 (Reuters) - Globalstar Telecommunications Ltd, a New York-based provider of mobile satellite communications, plans to enter the Mexican market in the final quarter of 1999, a spokesman said on Tuesday. Lauro Diaz, chief executive of Globalstar's Mexican arm, said the firm expected to obtain permission to operate in Mexico, as competitor Iridium World Communications (Nasdaq:IRID - news) did on July 6. ''Globalstar is very close to also obtaining those same licenses,'' told journalists. Diaz said the company would charge about $1.80 per minute for satellite calls in Mexico and forecast it would have 150,000 users by 2003.

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