Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.01

+0.4%

Jan 9 9:30 AM EST

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To: WR who wrote (11828)	4/20/2000 1:07:00 PM
From: Rocket Scientist	Read Replies (1) of 29987

"G* in china [from Yahoo thread] by: aptsat 4/20/00 12:33 pm Msg: 32865 of 32869 Globalstar To Link With China Mobile Network (04/19/2000) The Zhongyu Satellite Mobile Communications Co. and China Mobile Telecom recently signed an agreement to connect their networks and manage their accounts jointly, the April 17 Caijing Shibao (Financial Daily) reported. This network interconnection is significant, the newspaper reported, because after Globalstar?s China satellite communications network (which Zhongyu will operate) becomes operational, China Mobile?s mobile phone customers will be able to reach cell phone users via Globlastar?s satellite network, and vice versa. Globalstar forecasts it will start providing commercial services in May. Globalstar is a low-earth-orbiting (LEO) mobile communications system jointly developed in 1991 by Loral Space & Communications and Qualcomm. It is currently the world?s only LEO satellite communications system. Zhongyu is the sole agent in China for Globalstar and for the Iridium system. Iridium, however, shut down on March 17 for financial reasons, causing Zhongyu to terminate its Iridium-related services. One of Zhongyu?s proposals for compensating its Iridium users is to switch them to Globalstar, the newspaper reported. Globalstar?s current domestic and international telephone rates in China are RMB 6.9 per minute (US$0.83/min) and RMB 25/min (US$3.02/min), respectively. Meanwhile, Iridium?s domestic and international rates were RMB 9.8/min (US$1.16/min) and RMB 27/min (US$3.26/min), respectively. China Mobile is now China?s biggest land-based mobile communications company and serves 38 million customers. It has already set its related fees for its new alliance with Zhongyu. Zhongyu signed an inter-network agreement with China Telecom in December 1999. "

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