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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 56.92

-10.6%

Dec 17 3:59 PM EST

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To: Clarksterh who wrote (5382)	6/25/1999 1:11:00 PM
From: Nancy Haft	Read Replies (1) of 29987

You're right about subsidies. From the original post with bold emphasis added. --- snip -- That ratio is slowly changing, thanks to the bank's loan program and the efforts of Grameen Telecom, a nonprofit bank unit that buys airtime and resells it at cost to village cell-phone operators like Mrs. Begum. GrameenPhone Ltd., a joint venture of the bank and Telenor, Norway's telephone company, is building and operating the rural phone network. ---- snip --- The average local cell-phone call costs five taka per minute, or approximately 10 cents. In a typical month, Mrs. Begum racks up about a $40 profit on her $215 in phone charges, or about twice the average gross monthly income in Bangladesh. She pays weekly installments of less than $5 toward the cost of the $375 handset, which Grameen sold to her at cost. ___________ Maybe the "ideal" Globalstar customer is in a little bigger village than this one. There's rural and then there's rural

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