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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 59.79-0.6%Jan 20 3:59 PM EST

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To: Maurice Winn who wrote (11548)4/6/2000 6:32:00 PM
From: Rocket Scientist  Read Replies (1) of 29987
 
2500 Iridium Brazil customers to transfer en bloc to Globalstar? This seems to be the gist of following article from Jornal do Brasil, April 4 edition

jb.com.br

Translation courtesy of Alta Vista

babelfish.altavista.digital.com

Globalstar receives customers from the Iridium

The 2.5 a thousand users of the company of mobile telephony, in bankruptcy state,
will not have expenditures with process of migration

In behind closed doors carried through meeting yesterday, in Curitiba, the
presidents of the Iridium of Brazil and the Globalstar - companies of mobile
telephony saw satellite - had decided that the customers of the first one in Brazil
exactly will be transferred and will pass to be taken care of by second. The
measure is part of the process of withdrawal of the Iridium of the market, since the
debts accumulated since the launching had compelled to ask for it bankruptcy in
the beginning of the last month. When leaving the meeting, the president of the
Globalstar of Brazil, Peter Maisonnave, said that she has total interest in assuming
the wallet of subscribers of the company.

Maisonnave, that it preferred not to advance many details of the negotiation before
taking the cause to the National Agency of Telecommunications (Anatel),
considered the result of the excellent meeting. " In the next days we will write the
proposal final to be directed to the Anatel for approval. After taking the had legal
steps, we will make a public announcement. I believe that everything will still
happen this week ", complemented. After the announcement, the Globalstar of
Brazil will direct a letter to about 2.5 a thousand customers the Iridium Brazil. "
Nobody will have expenditures adds with the migration. Still we cannot inform
when this will happen because the Iridium still is operating ", explained the
president of the Globalstar.
In the passed month, the Anatel announced that the users of the Iridium in Brazil
would have its preserved rights. " Of some form, using the General Law of
Telecommunications or the Code of Defense of the Consumer, the user will not be
wronged ", affirmed.

The Iridium is dived in a USS debt 4.4 billion. The company entered in bankruptcy
state in August of the last year. During the restrutura‡Æo plan, the number of
subscribers tripled, but it was insufficient to keep the healthful company without the
aid of its main investor, the Motorola.

The job, initiated in the 1998 end, it faced problems since that entered in
operation. One of the main reasons was the high cost of the job. Each cellular
device was sold for USS 3 a thousand and the price of the plugging arrived until
USS 7 for each 60 seconds. Moreover, the system presented feeds techniques.
After the reorganization acentuadamente, the prices of the devices had fallen, but
late excessively to reconquer the confidence of the customers. The Iridium is dived
in a USS debt 4.4 billion. The company entered in bankruptcy state in August of
the last year. During the restrutura‡Æo plan, the number of subscribers tripled, but it
was insufficient to keep the healthful company without the aid of its main investor,
the Motorola.

Globalstar recebe
clientes da Iridium

Os 2,5 mil usu rios da empresa de
telefonia m¢vel, em estado de falˆncia, nÆo
terÆo despesas com processo de migra‡Æo

ANDRA ROSA

Em reuniÆo a portas fechadas realizada ontem, em Curitiba, os presidentes da Iridium do Brasil e da Globalstar - empresas de telefonia
m¢vel via sat‚lite - decidiram que os clientes da primeira no Brasil serÆo mesmo transferidos e passarÆo a ser atendidos pela segunda. A
medida faz parte do processo de retirada da Iridium do mercado, j  que as d¡vidas acumuladas desde o lan‡amento a obrigaram a pedir
falˆncia no in¡cio do mˆs passado. Ao sair do encontro, o presidente da Globalstar do Brasil, Pedro Maisonnave, disse que tem total
interesse em assumir a carteira de assinantes da empresa.

Maisonnave, que preferiu nÆo adiantar muitos detalhes da negocia‡Æo antes de levar a causa … Agˆncia Nacional de Telecomunica‡äes
(Anatel), considerou o resultado da reuniÆo excelente. "Nos pr¢ximos dias redigiremos a proposta final para ser encaminhada … Anatel para
aprova‡Æo. Depois de tomadas as devidas providˆncias legais, faremos um an£ncio p£blico. Acredito que tudo acontecer  ainda esta
semana", complementou. Depois do an£ncio, a Globalstar do Brasil encaminhar  uma carta aos cerca de 2,5 mil clientes da Iridium do
Brasil. "Ningu‚m ter  despesas adicionais com a migra‡Æo. Ainda nÆo podemos informar quando isso acontecer  porque a Iridium ainda
est  operando", explicou o presidente da Globalstar.

No mˆs passado, a Anatel anunciou que os usu rios da Iridium no Brasil teriam seus direitos preservados. "De alguma forma, usando a Lei
Geral de Telecomunica‡äes ou o C¢digo de Defesa do Consumidor, o usu rio nÆo ser  prejudicado", afirmou.

A Iridium est  mergulhada em uma d¡vida de US$ 4,4 bilhäes. A empresa entrou em estado de falˆncia em agosto do ano passado. Durante
o plano de restrutura‡Æo, o n£mero de assinantes triplicou, mas foi insuficiente para manter a empresa saud vel sem a ajuda do seu
investidor principal, a Motorola.

O servi‡o, iniciado no fim de 1998, enfrentou problemas desde que entrou em opera‡Æo. Um dos principais motivos foi o alto custo do
servi‡o. Cada aparelho celular era vendido por US$ 3 mil e o pre‡o da liga‡Æo chegava at‚ US$ 7 por cada 60 segundos. Al‚m disso, o
sistema apresentou falhas t‚cnicas. Depois da reestrutura‡Æo, os pre‡os dos aparelhos ca¡ram acentuadamente, mas tarde demais para
reconquistar a confian‡a dos clientes.
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