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.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (24798)	4/27/2000 11:42:00 AM
From: J D B	Respond to of 57584

Globalstar Intercontinental Roaming Service Now Commercially Available BusinessWire, Thursday, April 27, 2000 at 10:37 NEW YORK--(BUSINESS WIRE)--April 27, 2000--Globalstar announced today that roaming satellite telephone service is now commercially available between most countries in North America, South America and Europe. With the introduction of this feature, Globalstar customers will be able to make and receive satellite phone calls wherever they go between nearly 30 countries. Two-way roaming is now available among virtually all countries where Globalstar gateways are now in full service operations. Specific areas covered under these new roaming agreements include: North America, Bermuda, Argentina, Brazil, Morocco and most of continental Europe with the exception of Scandinavia, the Baltics and some eastern European countries. Roaming to and from the remainder of Europe as well as Australia, Russia, and additional countries in South America will be added by the end of June. "International roaming gives Globalstar customers the ability to stay in touch wherever they go, all with a single phone," said Anthony J. Navarra, president of Globalstar. "As more and more countries are added to our roaming network, Globalstar is fulfilling its promise to be the only truly global mobile telephone service that works in the vast areas of the globe beyond the reach of cellular." By the end of this year, 27 gateways will be in service across the Globalstar network, covering over 100 countries. Roaming capability will be added to each new gateway shortly after initial local service begins. The Globalstar system provides affordable satellite-based digital voice services to a broad range of subscribers. Globalstar meets the needs of cellular users as well as mobile subscribers outside cellular coverage areas, and residents without existing telephone service. Globalstar, led by founding partner Loral Space & Communications, is a partnership of the world's leading telecommunications service providers and equipment manufacturers, including co-founder Alenia, China Telecom (HK), DACOM, DaimlerChrysler Aerospace, Elsacom (a Finmeccanica Company), Hyundai, Qualcomm Incorporated, TE.SA.M (a France Telecom/Alcatel company), Space Systems/Loral, and Vodafone AirTouch. For more information, visit Globalstar's web site at www.globalstar.com. Loral Space & Communications (NYSE:LOR) is the managing partner and, at 40 percent, is the largest equity owner of Globalstar. Loral is a high technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value-added services, domestic and international corporate data networks, global wireless telephony, broadband data transmission and content services, Internet services, and international direct-to-home satellite services. For more information, visit Loral's web site at www.loral.com. CONTACT: Mac Jeffery 212/338-5383 KEYWORD: NEW YORK INDUSTRY KEYWORD: AEROSPACE/DEFENSE E-COMMERCE HARDWARE NETWORKING PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 2000, Business Wire Companies or Securities discussed in this article: Symbol Name NASDAQ:GSTRF Globalstar Telecommunications, Limited NYSE:LOR Loral Space & Communications