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To: djane who wrote (6416)	8/11/1999 1:32:00 PM
From: djane	Read Replies (1) \| Respond to of 29987

Veba Takes EU108 Million Charge for Iridium in First Half Dusseldorf, Aug. 11 (Bloomberg) -- Veba AG, Germany's largest utility, said in the first half it took a 108 million euros ($115.7 million) charge to write down its stake in Iridium LLC, the cash-strapped global satellite-telephone company. Iridium LLC, which runs the first global satellite-telephone network, is 86 percent-owned by 19 investors, which also include Lockheed Martin Corp., Raytheon Co., Sprint Corp. and American International Group Inc. Veba said it wrote down its stake in Iridium amid the ``bad outlook.' 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 on July 26. Washington-based Iridium last month received its third extension until Aug. 11 from banks to meet conditions on $800 million in loans. Veba said today first-half net income tripled to 2.1 billion euros. ¸1999 Bloomberg L.P. All rights reserved. Terms of Service, Privacy Policy and Trademarks.

To: djane who wrote (6416)	8/11/1999 1:47:00 PM
From: djane	Read Replies (1) \| Respond to of 29987

BellSouth as new G* partner? (see below) Anyone heard anything... SI: StockTalk: Communications: Loral Space & Communications To: Don Limb who started this subject From: Valueman Tuesday, Aug 10 1999 10:48PM ET Reply # of 6603 Now, the industry expects L-Star 1 to be launched in the April to June, 2000 timeframe, and L-Star 2 to be launched in late 2000. Both are to go to 126 East. I know that work has restarted in some way on those sats. So, wouldn't it be nice if management would let us know about it? Is it not a significant event when cancelled sats are restarted? I would certainly like to know. Same goes with a new partner at G*. If Bell SOuth is to be a partner, fill us in.