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Technology Stocks : KVH Industries, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Roy F who wrote (245)	1/17/1999 6:28:00 PM
From: david james	Read Replies (2) \| Respond to of 7249

Seems KVH could play a role here for the mobile crowd Firm Wants Global Satellite System Friday, January 15, 1999; 3:54 p.m. EST WASHINGTON (AP) -- Virtual Geosatellite LLC is seeking a license from the Federal Communications Commission to build a global satellite system to offer high-speed Internet access and other data services, the company said Friday. Assuming it wins FCC approval, the Washington-based company wouldn't offer services directly to the public but would lease its facilities to companies that would, Virtual Geosatellite spokesman Brian Willard said. The company plans to begin providing services five years after FCC approval. It believes the system would be attractive to people living in sparsely populated areas or places with mountainous terrain who don't have access to high-speed services from conventional networks on the ground. The $2.6 billion system would consist of 15 satellites in orbit closer to the earth than traditional satellites. As a result, the system would permit people to receive high-speed data using small, 18-inch antennas mounted on rooftops. The FCC recently cleared a portion of the public airwaves for this type of satellite system. The venture is being financed by private investors and venture capitalists, Willard said, declining to identify them. The company is owned by Virtual Geosatellite Holdings Inc. and Ellipso Inc