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To: Maurice Winn who wrote (37926)8/11/1999 9:16:00 PM
From: Kayaker  Respond to of 152472
 
Iridium defaults on $1.5 billion loans

By CBS MarketWatch
Last Update: 8:25 PM ET Aug 11, 1999 NewsWatch

WASHINGTON, D.C. (CBS.MW) -- Iridium World Communications said Wednesday it has defaulted on more than $1.5 billion in loans, pushing the satellite telecommunications network closer to the edge of bankruptcy...

cbs.marketwatch.com