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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: djane who wrote (6123)	7/26/1999 7:26:00 PM
From: Rocket Scientist	Read Replies (4) \| Respond to of 29987

G* launch dates updated, per Florida Today: Delta: 8/14 Soyuz: 9/24 Soyuz: 10/18 Soyuz: 11/14 Delta: 12/7 Mark your calendars!

To: djane who wrote (6123)	7/26/1999 8:52:00 PM
From: djane	Respond to of 29987

Satellite Today article (via I* yahoo thread) Top>Business and Finance>Stocks>Services>Communications Services>IRID (Iridium World Comm. Ltd.) SatelliteToday; GSTRF w/ mention of I* by: esqladyq 21785 of 21812 THE TOP NEWS TODAY[1] GLOBALSTAR EYES COMMERCIAL START-UP Globalstar L.P. [GSTRF] is beginning its countdown to commercial service after yesterday (7/25) completing its initial 32-bird constellation. A Boeing Co. [BA] Delta II rocket lifted from Cape Canaveral Air Station, Fla., at 3:46 a.m. EDT, to place four Globalstar satellites into orbit. That mission brought the total number of Globalstar birds to 32 - sufficient for a phased rollout of the global mobile satellite phonenetwork. Globalstar now intends to launch commercial service in late- September. It is scheduled to launch another 20 satellites through the remainder of this year to round out its constellation. Those additional birds will increase the system's capacity and coverage. "Further launches will enhance our system, but for now we can move forward with confidence toward initiation of service as scheduled this autumn," said Bernard Schwartz, chairman and of the system has been very successful, and our service provider partners are stepping up their plans for regional introduction of service," Schwartz said. (Jeanette Clonan, Globalstar,212/338-5658.)CEOof Globalstar. If the experience of industry pioneer Iridium LLC [IRID] is anything to go by, the distribution of Globalstar equipment and services will be paramount to the company's success. "Testing Posted: 07/26/1999 06:57 pm EDT as a reply to: Msg 21783 by esqladyq

To: djane who wrote (6123)	7/26/1999 8:59:00 PM
From: djane	Read Replies (3) \| Respond to of 29987

*Iridium Investors to Be Included in Restructuring (Update1) Top>Business and Finance>Stocks>Services>Communications Services>IRID (Iridium World Comm. Ltd.) Iridium Investors to Be Included by: prieur 21807 of 21815 Iridium Investors to Be Included in Restructuring (Update1) (Adds CFO's comments in 5th through 8th paragraphs.) Washington, July 26 (Bloomberg) -- Iridium LLC investors can expect to receive some compensation under the debt-laden global satellite-telephone company's restructuring plan, Chief Financial Officer Leo Mondale said. Progress is being made in the company's effort to reach an out-of-court restructuring, Mondale said, although bankruptcy is still a possibility. He wouldn't be more specific as to when a restructuring plan would be announced, or what type of compensation investors would receive. Washington-based Iridium last month received its third extension until Aug. 11 from banks to meet conditions on $800 million in loans. It also has until Aug. 15 to make a payment of $90 million in interest on its $1.45 billion in bonds. ''This would be not one of the restructurings in which we left equity holders high and dry,'' Mondale said. ''The restructuring we are advancing will not result in the equity holders being reduced to zero by any stretch.'' Iridium needs about 90 percent of its bondholders to approve an out-of-court restructuring, Mondale said. ''I can't rule out bankruptcy until we have got a successful out-of-court restructuring, which is what we are trying to get,'' he said. Iridium's price cuts, which went into effect this month, is luring new customers, Mondale said. Iridium announced the price cuts last month to try to new gain subscribers as demand fell. ''We have seen a marked improvement in our net daily additions since the new prices for handsets and service have made it into the market,'' Mondale said. Posted: 07/26/1999 08:30 pm EDT as a reply to: Msg 21806 by ChinaScho_81

To: djane who wrote (6123)	7/26/1999 9:06:00 PM
From: djane	Read Replies (4) \| Respond to of 29987

ENTEL Given Authority to Operate ICO Ground Station in Chile to Support ICO Satellite Control Business Wire - July 26, 1999 13:16 SANTIAGO, Chile--(BUSINESS WIRE)--July 26, 1999--ICO Global Communications, the global mobile communications company, today announced that ENTEL (Chile) has received a full frequency spectrum license to operate ICO's Satellite Access Note (SAN) at Longovilo. This will enable ENTEL to provide feeder links, andas well as telemetry, tracking and control (TT&C) functions, in the 5/7 GHz bands from the Chile SAN, one of six of ICO's ground stations that have a TT&C facility. Chile's Minister of Transport and Telecommunications issued the license under the terms of the supreme decree N. 151 dated March 26, 1999 and approved by the Contraloria General de la Republica on June 16, 1999. The authorization marks a major regulatory milestone for ICO in the development of its ground network, with ICO's first satellite scheduled for launch later this year. The Chilean approval allows ENTEL to provide support essential for in-orbit control of the ICO satellite constellation, as well as full connectivity of the ICO satellite system to the terrestrial public telecommunication networks (PSTNs). The other five TT&C SAN sites are in the United States (Brewster, Washington), South Africa, Germany, Australia and India, and an additional four ICO SANs are near completion elsewhere. The Longovilo SAN in Chile is a fundamental element of ICO's Latin American strategy. It also plays an important role in ICO's system as a whole, by providing coverage in Southeast Pacific and South America, the Southeast Pacific and South Atlantic oceans. ICO Chief Executive Officer Richard Greco said: "This is a significant step forward for us in the important South American market. We have more challenges ahead, but our team of partners and investors will prove to be up to the task. We are particularly grateful to ENTEL for its efforts in gaining this license on behalf of ICO." Richard Buchi, Chief Executive Officer of Entel, said: "We are very pleased to have been granted this final license for the ICO SAN site at Longovilo. We will continue to show our commitment to the ICO system in the future by ensuring full compliance with the operational objectives at the SAN site, with the aim of contributing to the success of ICO's mobile satellite services." The Longovilo SAN will use frequencies at 5178-5182 MHz and 5242-5246 MHz for Earth-to-space TT&C transmission, and 7010.6-7013.1 MHz and 7071.6-7074.4 for space-to-Earth TT&C transmission. Editors' Notes: ICO Global Communications (Nasdaq: ICOGF) was established in January 1995 as a private company to provide global mobile personal communications services by satellite, including digital voice, data, fax and messaging services. It has raised approximately $3 billion to date from equity and debt investors. Among its investors are more than 60 strategic partners and investors, comprising telecommunications and technology companies from over 50 markets around the world. In July of 1998, ICO was listed on Nasdaq in New York and became a public company. ICO started its initial commercial operations in the fourth quarter of 1998 with its ICOroam service. This service permits international travelers to use their home cellular number as they travel in cellular systems incompatible with their home cellular service. ICO expects to begin commercial operations of its mobile satellite services in the third quarter of next year. Visit the ICO Website at: www.ico.com, containing an extensive press office and image library. CONTACT: ICO Global Communications Joe Tedino, 202/887-8111 Mobile: 202/255-0892 Email: joseph.tedino@ico.com or Mario Andrada, 305/523-4500 Email: mario.andrada@ico.com