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

To: Rocket Scientist who wrote (7675)	10/1/1999 5:00:00 PM
From: slacker711	Read Replies (1) \| Respond to of 29987

Hadnt seen this before.....Possible sales to Mexican government. Globalstar Targets Villages For Pay Phones Globalstar LLC plans to inaugurate commercial satellite telephone service this year, targeting each and every potential market worldwide. The remote village pay phone market--a segment untapped by other satellite service providers--will likely be a small but significant portion of overall sales. Mexico, a country with a telephone penetration rate of 10 percent, may be a prime location for the shared public satellite phone--with assistance from the government. Today, 28,000 villages with 100 to 500 inhabitants have no means of external communications, says Guillermo Solomon, sales and marketing director for Globalstar Mexico. With an average income of about $100 a month, however, villagers in remote locations cannot afford the $2,700 Globalstar pay phone. "The government will pay for the phones, and the village will pay for about 20 percent of outgoing calls," he says, adding that prepaid service, calling party pays and collect calling will connect the villagers to their family and friends at rates they can afford. Globalstar is in negotiations with the Mexican government and expects to provide between 5,000 and 8,000 phones next year, according to Solomon. "This is part of a social program," he says. "The government has a commitment of giving telephone coverage to every single rural community with 100 to 500 inhabitants by 2000 or 2001." Having clinched deals with 100 service providers worldwide and arranged for availability of 300,000 phones by the end of next year, Globalstar says it is better prepared than rival satellite telephony licensees to make global communications a reality.