Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 66.63

+6.8%

3:58 PM EST

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To: Valueman who wrote (1396)	6/24/1998 11:52:00 AM
From: Thomas	Read Replies (1) of 29987

FYI: GlobalStar Plans US$20mn Venezuela Investment - Regional June 24, 1998 Global satellite operator GlobalStar is planning to invest US$20mn to develop a land station in Venezuela, one of three the company will build in Latin America. Further stations in Argentina and Colombia are also planned. The US$2.6bn international Global Star program will use 48 satellites to operate global mobile telephony within a year. The consortium is made up of the following companies: Loral, AirTouch, Alcatel, Alenia, DaCom, Daimler-Benz Aerospace, Elsag Bailey, France Telecom, Hyundai, Vodafone and Qualcomm. Global Star is competing with the Iridium satellite project, controlled by US-based Motorola. Source: El Universal, Venezuela P.S. Anyone know the status of the Soros/LOR deal?

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