Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: WR who wrote (11668)	4/11/2000 7:44:00 PM
From: Rocket Scientist	Respond to of 29986

Iridium announces contingency plan for Brazil 4/11/2000, 8:08 pm (GMT -3) itu.int Iridium has concluded a contingency plan to hand over its Brazilian customers to Globalstar and will start notifying them of the procedure for handset replacement next Monday. Iridium (controlled in Brazil by Inepar) and Globalstar will share the cost of handsets and activation, which neither party has disclosed. Globalstar Brazil is currently offering handsets to new subscribers for 1,990 reals or about 1,140 US dollars. Ricardo Woitowicz, marketing director for Iridium do Brasil, says the satellite system will shut down by the end of April and by then its 2,500-odd subscribers will have been advised of the agreement. Asked what alternative he can offer any subscribers who don't want to migrate to Globalstar, he declined to answer.