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Technology Stocks : IRID - Iridium World Communications IPO Announced! -- Ignore unavailable to you. Want to Upgrade?

To: Marty Rubin who wrote (2214)	7/28/1999 7:01:00 PM
From: Marty Rubin	Read Replies (1) \| Respond to of 2693

July 27, 1999 India Regulator Seeks Comments On Satellite Phone Policy NEW DELHI -- The Telecom Regulatory Authority of India Tuesday released its draft policy document for public discussion, moving a step closer to framing a policy on global mobile personal communication through satellites (GMPCS). The authority has sought comments from the public by Aug. 13. Based on the comments, it will send a final set of recommendations to the government for finalizing the licensing policy. Iridium India Telecom Ltd., the Indian affiliate of Iridium Ltd. (IRID), has been offering GMPCS services in India since February 1999, based on a provisional license received from the government in October 1998. Iridium currently has a license for ten years, but the license will be subject to changes after the government finalizes its policy on licensing satellite phones. Other service providers such as Globalstar Telecommunications Ltd. (GSTRF), Odyssey, ICO Systems and India's own Afro-Asian Satellite Communications Ltd. will benefit from the new policy. Iridium has said it plans to market its service through cellular phone service providers, supplementing their services rather than competing with them. It plans to target 5% of the cellular phone market over the first five years with a further increase of 1% of the market each year. -By Denny Kurien; 91 11 461s 9426; dkurien@ap.org (source: dow jones)