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To: Maurice Winn who wrote (3383)	3/14/1999 12:21:00 AM
From: limtex	Read Replies (1) \| Respond to of 29987

MW - It's 11.30 in Texas and therefore 8.30am in Moscow and maybe an hour later in Baikonur. What time does the show start? Best regards, L

To: Maurice Winn who wrote (3383)	3/15/1999 5:28:00 PM
From: djane	Respond to of 29987

ICO Global Communications Moves Toward Service Launch in Russia Monday March 15, 1:47 pm Eastern Time Company Press Release MOSCOW--(BUSINESS WIRE)--March 15, 1999--ICO Global Communications, the global mobile communications company, today signed a preliminary agreement with a Russian joint stock company to distribute ICO services in Russia. The joint stock company, known as ICO-R, was formed by three entities: JSC VimpelCom, Russia's largest provider of cellular coverage; Morsviazsputnik, the Russian Inmarsat signatory; and thirdly an affiliate of ICO formed for the purpose of acting as ICO's service partner in Russia. The preliminary agreement follows a letter of intent signed by the parties in October 1998. Under the terms of the agreement, ICO-R will have exclusive rights to distribute ICO's services in Russia. ICO-R will be responsible for arranging distribution of the service through sub-distributors and retail outlets, ensuring availability of handsets in the country and obtaining authorization for the provision of the service from Russian authorities. The parties are expected to complete final agreements setting out the detailed terms of their arrangements for distribution of ICO's services in Russia prior to the worldwide launch of ICO's service in August 2000. Commenting on the agreement, Olof Lundberg, ICO's Chairman and Chief Executive Officer, said: ''Our agreement with ICO-R is an important step forward towards the introduction of ICO's services in Russia. We are delighted to be working with such experienced partners as VimpelCom and Morsviazsputnik to market our services in this vast and exciting market. Their knowledge and expertise of the Russian telecoms and maritime markets will strengthen ICO-R's aim to become the leading provider of global mobile personal communications services.'' Speaking on the occasion of the first board of directors meeting of ICO-R, Dr. Dmitry Zimin, Chief Executive & President of VimpelCom, said: ''The formation of ICO-R is a clear indication of our belief that there is a market for ICO's services in Russia. ICO-R partners already serve over 150,000 customers in Russia. ICO's services will help us to complement and extend the range of services we offer and bring even greater choice and benefits to Russian customers everywhere.'' Valery Bogdanov, the General Director of Morsviazsputnik, said: ''ICO-R will be able to exploit the technological advantages of ICO's system, as this is well suited to providing a wide range of high quality satellite-based mobile services through handheld, specialty and fixed phones to ICO-R customers everywhere.'' ICO's satellite service will be launched in the year 2000 and will be based on a new generation of pocket-sized mobile phones that will allow users to make and receive calls at any time, anywhere in the world. The handsets will be dual mode, capable of working on mobile satellite networks. Customers will be able to roam between ICO and mobile networks around the world. If no cellular network is available, the handset will roam to ICO's satellite network to offer customers unrestricted mobility and accessibility for their communications needs. Affordable services will be available to a wide range of users - from people living and working in remote rural areas to the international business traveler. In addition ICO will offer services to the road and rail transport, maritime and aeronautical sectors. Editor's Note: ICO Global Communications was established in January 1995 to provide global mobile personal communications services by satellite, including digital voice, data, fax and messaging services. It raised more than $2 billion in equity contributions from 60 strategic investors, comprising telecommunications and technology companies from over 50 markets around the world. ICO is also quoted on the Nasdaq exchange under the symbol ICOGF. ICO expects to commence full commercial operations in the year 2000. Its services will be marketed to international and domestic cellular users who roam outside areas covered by compatible cellular networks from business, industry and government organizations, mining, transportation, aeronautical, maritime, media and other specialist sectors as well as residents of rural and remote areas lacking adequate local communications. Contact: ICO Global Communications Joe Tedino or Rebecca Dittmar, 202/887-8111 Fax: 202/887-0889 Email: rebecca.dittmar@ico.com Visit the ICO Website at www.ico.com More Quotes and News: ICO Global Communications (Holdings) Ltd (Nasdaq:ICOGF - news) Related News Categories: computers, telecom Help Copyright © 1999 Business Wire. All rights reserved.