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

To: Rocket Scientist who wrote (19336)	11/17/2000 1:55:27 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

Vodafone welcomes the Western Australian Government's announcement of the $500,000 Satellite Mobile Phone Scheme. [RS Note: Oddly enough, this PR is dated November 30; the link to it is here: qa-www.globalstar.com.au click "Advertising and Promotions" then "Press Releases" ] "The scheme will assist residential and small businesses in rural and remote Western Australia to purchase satellite mobile phone handsets. The Managing Director of Vodafone Australia, Mr Andrew Bissex, said the Scheme would stimulate a faster take-up and greater penetration of satellite mobile phone use among West Australian customers. "We congratulate the Western Australian Government for this initiative and for its commitment to supporting mobile telephony which provides full coverage of the State. "We encourage other state governments to consider such an initiative to promote mobile telecommunications to rural and regional customers. "Vodafone has made a significant investment to deliver 100 per cent mobile coverage to rural and regional Australia through the construction of three Vodafone Globalstar gateways in Meekatharra, Dubbo (NSW) and Mt Isa (Qld)," said Mr Bissex. The gateways are the interconnection points between the Globalstar satellite constellation, Vodafones existing digital (GSM) network and other land-based telecommunications networks. "With the subsidy, the price paid by customers for a Vodafone Globalstar handset will be reduced by $550 including GST," said Mr Bissex. "And with our new call plans, starting from $30 per month, Vodafone Globalstar is becoming even more affordable for residential and small business customers." With Vodafone Globalstar, West Australians can make or receive satellite mobile phone calls regardless of where they live, work or travel. Vodafone Globalstar provides 100 per cent mobile phone coverage across Australia and coverage up to 200 nautical miles of the mainland and Tasmania. The Vodafone Globalstar service is the first fully integrated satellite and digital (GSM) mobile phone service. This means that the Globalstar handset can be used across Australia. When in areas serviced by Vodafones existing digital (GSM) network, the handset communicates via GSM. When in more remote areas, the phone can be switched to satellite mode. Call plans for Vodafone Globalstar start from $30 per month. Globalstar handsets are priced competitively, from $1399 on plan, excluding the subsidy. With the subsidy the handsets will be available from $849 on plan. Satellite call rates are available from as low as $1.78 per minute charged by the second, depending on the plan the customer chooses. More than 60 outlets in Western Australia are authorised to sell Vodafone Globalstar. Customers should call 1800 883 200 for details of the location of their closest authorised dealer. About Vodafone Vodafone Group Plc is the world's largest mobile telecommunications company with more than 65.7 million customers. The company provides quality services to more than 1.734 million Australian customers, 638, 000 New Zealand customers and 36,000 Fijian customers. It has interests in mobile telephone networks in 26 countries over five continents. Note: Vodafone is a trademark spelt with an "f" and not a "ph". About Vodafone Globalstar Vodafone Globalstar is part of a worldwide telecommunications network backed by the resources of Vodafone Group plc and comprising 52 satellites in low earth orbit. The compact dual-mode Vodafone Globalstar handset will communicate through these satellites to one of three ground stations in Australia Dubbo in New South Wales, Meekatharra in Western Australia and Mt Isa in Queensland. These stations, also known as gateways, will direct and receive calls to and from all other existing telecommunications networks and provide Vodafone mobile coverage to 100 per cent of Australia. For more information, visit Vodafones Globalstar website at www.globalstar.com.au."

To: Rocket Scientist who wrote (19336)	11/17/2000 2:13:19 PM
From: pcstel	Read Replies (2) \| Respond to of 29987

RS... You beat me to the "Submit" button.. So I guess that banks were not too interested in owning a couple of GEO's Ehh!! Of course, I have to give some credit to BLS for this one, banks are not just handing out money any more!! Just wait until the winners of the 3G auctions try and get Infrastructure Equipment financed.. Who is going to Vendor Finance the equipment? Lucent? Nokia? NT? ERICY? It will be hard for these companies to raise the funding necessary to arrange Vendor Financing of these systems.. Most of them will simply tell the likes of VOD to arrange their own financing and then come talk to them with cash in hand. The late-great Infrastructure Vendor Financing machine will come to a hault.. Then these 3G license holders will have to "actually provide a business plan" to banks to get cash for the infrastructure build out.. And with the whopping prices and interest being paid to acquire the "rights of use" to the spectrum. The banks are going to require some form of proof of concept, that the wireless providers can ever hope to recoup the investment in 3G.. We have seen the auction process for 3G spectrum being delayed in several countries because the bidders have suddenly figured out that maybe they can not secure the funding for the bid process, let alone the Infrastructure build-out of 3G servcies. 3G dies due to lack of interest and funding... Then we go back to square one... How do these wireless service providers grow their systems using existing spectrum.. NarrowBand CDMA of course. IS-95 overlay is deployed in the large cities, and tri- mode/tri-band GSM/GPRS/IS-95 handsets are developed. It's the cheapest path to "near 3G" services for all those applications that require +100kbs data for mobile applications... You know.. All those Applications... Like... Uh!! Oh! Well.... There must be thousands of them.... PCSTEL

To: Rocket Scientist who wrote (19336)	11/17/2000 3:04:41 PM
From: pcstel	Read Replies (1) \| Respond to of 29987

RS.. So now the questions comes into play!! What does LORAL receive in exchange for the 500 million in Financing?? I mean... LORAL should receive something!! Right!! So let's revisit the QCOM Financing deal!! (Get your HP 11c RPN Calculator out on this one rf_hombre... In May... Qualcomm provided 500 Million of Vendor Financing (a Loan) to Globalstar. In exchange Qualcomm received warrants for something like 3.4 million partnership interests. At the time.. The partnership interests were worth about $43 dollars per interest. Value of the transaction was about 146 million dollars given that GSTRF stock was trading @ $10. So now LOR has also provided a 500 Million dollar 3 year loan to Globalstar. How much should LOR receive for it's act. Well, I would think that LOR should receive at least an equal amount to that Qualcomm received. So a value of 146 million dollars in partnership interests... So but, now GSTRF is trading at $2 1/2, or about $10 per Partnership interest. So we divide 146 million dollars by $10 per partnership interest gives us 14.6 million partnership interests. Given that each partnership interest is worth about 4 common shares.. Loral should receive the equivalent of 58 million shares of GLP in return for arranging the loan.. That would be worth about 15% or the company... Of course the loan still has to be re-paid. Hopefully... Does that sound about right RS?? PCSTEL