Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.75

-0.5%

Nov 28 9:30 AM EST

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To: Joe Brown who wrote (3084)	2/23/1999 9:41:00 AM
From: Jeff Vayda	Read Replies (1) of 29987

All: One of my favorite sustaining revenue channels for G* seems to be reduced: India's state-owned international telecommunications carrier Videsh Sanchar Nigam Ltd (VSNL) yesterday (2/22) announced a joint venture with ICO Global Communications [ICOGF] to provide satellite telephone services in the country's rural interior. VSNL is one of 40 strategic investors in ICO, which has raised nearly $3 billion in funding for its global mobile satellite service to be launched next year. Though financial terms of the new alliance were not disclosed, ICO's handsets will be provided to Indian villages that currently do not have telephone service at a cost of between $700 and $1,000 per phone. Calls over ICO phones will be priced at about $3 per minute, said Bishnu Pradhan, general manager of ICO in India. "India has 300,000 villages without telephones," Pradhan said. "We are working out an arrangement whereby rural customers will continue to pay the same price as now for a satellite call. Our phones in the rural areas can be powered by solar power and this will sharply reduce capital costs." (Joe Tedino, ICO, 202/887-8111.) Although given recent price points, seems G* should be able to under cut them. Jeff Vayda

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