Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 69.11

-5.4%

10:36 AM EST

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To: djane who wrote (4507)	5/10/1999 4:30:00 AM
From: djane	Read Replies (1) of 29987

Telenor and Nera Profit from Iridium Problems RDSL 07 May 1999 Telenor Satellite Services and Nera (both Norway), telecoms firm, are profiting from problems faced by Iridium (US), satellite firm. The result so far for the firms has been increased sales of telephones and increased traffic via Inmarsat's mobile satellite services. Telenor has seen stronger traffic growth than expected for Mobiq, Inmarsat service, in the period from November 1998, with an increase of 15-20%. In the same period, a total of 1,800 telephones have been sold, mainly Nera units. Iridium has faced problems with a shortage of good quality telephones and a poor sales network. © EMAP Media 1999

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