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

To: djane who wrote (3499)	3/18/1999 3:25:00 PM
From: djane	Respond to of 29987

03/18 12:04 Nine firms to share wave spectrum in U.S. FCC plan WASHINGTON, March 18 (Reuters) - U.S. regulators on Thursday proposed allowing nine competing satellite communications companies to share a desirable band of airwaves being made available soon. Under the Federal Communications Commission proposal, the 2 gigahertz band of spectrum suitable for mobile telecommunications offerings could be split among four existing U.S. satellite firms, two upstart U.S. ventures and three non-U.S. companies. The proposal was issued for comment and could be refined or substantially changed before being approved. FCC officials said they were aiming for completing the rules by the end of 1999 and licensing the companies in the first half of 2000. The four existing companies seeking use of the airwave band already plan to offer telecommunications services using low earth orbiting satellites over other parts of the spectrum. But in applications to the FCC, the companies said additional spectrum would allow them to offer new or enhanced services. The companies included Iridium World Communications Ltd. <IRID.O>, the troubled venture started by Motorola Inc. <MOT.N>, and Loral Space & Communications Ltd.'s <LOR.N> Globalstar L.P. <GSTRF.O> Also seeking spectrum was Constellation Communications Inc., owned in part by Bell Atlantic Corp. <BEL.N>, Raytheon Co <RTNa.N> and Orbital Sciences Corp.<ORB.N> The fourth U.S. company is Mobile Communications Holdings Inc., a unit of Washington-based Ellipso Inc. The company is funded by several venture capital funds, Boeing Co. <BA.N> and Israel Aircraft Industries. The U.S. upstarts seeking spectrum include Boeing, which wants to offer aeronautical services, and California-based Celsat America Inc. Companies outside the United States seeking spectrum were ICO Global Communications Ltd. <ICOGF.O>, Inmarsat and Ottawa, Canada-based TMI Communications and Co. ((Aaron Pressman, Washington newsroom, 202-898-8312)) COPYRIGHT © 1999 REUTERS LIMITED. ALL RIGHTS RESERVED.