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Strategies & Market Trends : Galapagos Islands
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To: Bid Buster who wrote (24715)2/3/2003 1:23:25 PM
From: Lazarus_Long  Read Replies (1) of 57110
 
This is precisely what Iridium and Globalstar did. And their birds are still up their. (I believe the Navy bought Iridium's birds for their own global communications needs.)

Both Iridium and Globalstar are bankrupt. The flaw in the plan is that, while they can give global coverage- -you can call from anywhere- -everywhere there is a significant population concentration with enough wealth to afford long-distance communications, there is already cell service. And while there isn't cell service at extreme northern or southern latitudes, there is hardly anyone there.

There are currently places like parts of Africa where there is population but insufficient wealth to support cell service. If they get richer, the cell boys can move in fairly inexpensively, cutting out satellite phones there too.
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