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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 73.75+4.9%3:59 PM EST

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To: djane who wrote (5600)7/8/1999 2:15:00 PM
From: djane  Read Replies (2) of 29987
 
Mexico Approves Iridium License; First Company to Offer Global Satellite Voice and Paging Services With One Bill and One Number

Business Wire - July 08, 1999 14:02

WASHINGTON, DC--(BUSINESS WIRE)--July 8, 1999--Iridium de Mexico (IMSA) yesterday
received a license approval from the Secretariat of Communications and Transportation for Iridium
services in Mexico. This makes IMSA the first company in the country to offer global wireless voice
and paging communications services.

"This is another significant milestone in the licensing process," said John Richardson, CEO of Iridium
LLC. "Mexico was one of the last major unlicensed markets in the world."

"This is an historic moment for Mexico. Thanks to the Mexican government's decision to introduce
state-of-the-art technology, Iridium now brings the world's most revolutionary communications service
within the reach of Mexicans," said Armando Valle, General Managing Director of Iridium de Mexico.

Iridium LLC became the world's first global satellite phone and paging company on November 1,
1998. Its network of 66-low earth orbiting satellites, combined with existing terrestrial cellular systems,
enables customers to communicate around the globe. Iridium World Communications, Ltd.
(NASDAQ: IRID) is the public investment vehicle of Iridium LLC.

Iridium is a registered trademark and service mark of Iridium LLC IP LLC.

CONTACT: Iridium LLC
Michelle Lyle, 202/408-3818
Fax: 202/408-3878



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%DC-IRIDIUM IRID %WASHINGTON %D.C. %INTERNATIONAL %LATIN %AMERICA
%TELECOMMUNICATIONS %COMPUTERS %ELECTRONICS %COMED V%BW P%BW

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