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

To: Jon Koplik who wrote (29823)	10/20/2022 7:29:41 PM
From: pcstel	1 Recommendation Recommended By Lance Bredvold Read Replies (1) \| Respond to of 29986

Iridium didn't fail do to oversized phones and $7 a minute. Iridium failed due to changing technology and the GSM Cabal. Back in 1994, we had single or at most dual mode handsets AMPS / TDMA / GSM/ CDMA (pick one). Even if you had a cell phone with TDMA or GSM. International travel with a Cell phone was nearly improbable. You usally had to purchase a phone and service from a local carrier. (New number) Roaming on International Terrestrial Networks was EXPENSIVE, in many cases, in excess of $7 a minute. Iridium offered a single number service that worked nearly everywhere. (Iridium has it's own country code) Then just weeks before Iridium officially launched. The GSM operators around the world agreed to low-cost International Roaming Agreements between countries and carriers. New multi-mode handsets opened up the North America and GSM countries. Suddenly, all of the advantages of Iridium quickly disappeared days before it was to leave the gate. Iridium has been able to reinvent itself, and in many cases invent it's own customers. Iridium's technology (inter-satellite links) is what single-handedly saved Irdium from the Scrapheap. Today Iridium's management has launched a fleet of recently launched satellites, and has tierlessly renegotiated out of Export Credit facilities and nearly all of their 1.5 Billion in Long-Term debt into Fixed 2.5% - 3% debt instruments