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To: Maurice Winn who wrote (4315)4/30/1999 4:14:00 AM
From: djane  Read Replies (1) | Respond to of 29987
 
1840s Treaty Hinders New Zealand Auction

From the April 26, 1999 issue of Wireless Week


By Stewart Taggart

SYDNEY, Australia--New Zealand postponed an auction of third-generation spectrum while a tribunal considers whether a
19th century treaty between native Maori and European settlers applies to resources such as wireless communications.

In 1840, outnumbered New Zealand settlers struck a pragmatic deal with the warlike Maori. The resulting Treaty of Waitangi
committed both sides to sharing the islands' abundant natural resources.

But no one knew about radio waves in 1840. Does the treaty apply? That's just one of the questions the 17-member Waitangi
Tribunal must examine before the auction can proceed. Following hearings later this month and in early May, the panel will
make a final report by the end of June. The report will serve as the basis for negotiations between Maori and the government.

If the Waitangi Tribunal decides the spectrum sales are covered under the treaty, the report could suggest that Maori share in
the financial proceeds of the auctions, or that some spectrum be set aside for Maori use.

The New Zealand Commerce Ministry planned to sell various rights in the 1710-1880 MHz, 1920-1965 MHz, 2025-2155
MHz and 2208-2300 MHz frequency ranges via simultaneous ascending auction beginning March 29. Just three days before
bidding was to start, Communications Minister Maurice Williamson announced a three-month suspension of the auction so the
treaty issues could be examined.

Perhaps the biggest question the New Zealand panel must consider will be whether the Waitangi Treaty extends to resources
unknown in 1840. In a preliminary report, the tribunal acknowledged a mixed record of precedents regarding exploitation of
other resources undiscovered in 1840 such as gold and oil.

It also must consider whether the treaty can cover a resource that is largely useless without an advanced technology to access
it. Meanwhile, auction participants are anxious to start the proceedings.

"It would have been more convenient for us if the auction had proceeded as planned," said Clive Litt, spokesman for Telecom
New Zealand, the nation's former monopoly telecom company. "But there's nothing we can do about it."

Mark Champion, spokesman for Vodafone NZ Ltd., also said his company would have preferred for the auction to go ahead
as scheduled.

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To: Maurice Winn who wrote (4315)4/30/1999 4:28:00 AM
From: djane  Read Replies (2) | Respond to of 29987
 
Boeing in talks for control of Ellipso

Compiled by CBS MarketWatch
Last Update: 4:00 AM ET Apr 30, 1999

NEW YORK (CBS.MW) -- Boeing Co. is in discussions on gaining a
controlling stake in the $2.4 billion Ellipso satellite mobile-phone project.
According to The Wall Street Journal, long meetings over the past week
at Boeing's space and communication unit in California focused on
Boeing's cost to acquire a majority interest in Mobile Communications
Holdings Inc. The Washington, D.C. based company has a Federal
Communications Commission license to launch the novel 17-satellite
system. Executives told the Journal the talks could linger for another
month. The cost to Boeing (BS: news, msgs) could exceed $700 million,
while others said that price is too low to conclude a sale. Boeing made a
$50 million equity investment in Ellipso a year ago, when the Seattle
aerospace company agreed to be the prime contractor and integrator for
the project.The Wall Street Journal



To: Maurice Winn who wrote (4315)4/30/1999 4:35:00 AM
From: djane  Read Replies (1) | Respond to of 29987
 
WSJ. Boeing Is in Talks for Controlling Stake In Ellipso Satellite Mobile-Phone Project

April 30, 1999


By JEFF COLE
Staff Reporter of THE WALL STREET JOURNAL

Boeing Co. is in serious talks on acquiring a controlling stake in the $2.4
billion Ellipso satellite mobile-phone project, according to executives
familiar with the discussions.

Lengthy meetings in the past week at Boeing's space and communication
unit in California focused on Boeing's cost to acquire a majority interest in
Mobile Communications Holdings Inc. The closely held Washington, D.C.,
company holds a Federal Communications Commission license to launch
the novel 17-satellite system. Executives said the talks could linger for
another month.

Some said the cost to Boeing could exceed $700 million, while others said
that price is too low to conclude a sale. Boeing made a $50 million equity
investment in Ellipso a year ago, when the Seattle aerospace company
agreed to be the prime contractor and integrator for the project.

A Boeing spokesman called the talks "exploratory." He said that Boeing
sees "potential" in Ellipso, but is studying "other investments" in the
space-communications realm. An MCHI spokesman said that the
company would "entertain" a broader Boeing investment.

The talks shed light on two key developments in the volatile market for
satellite-based systems for use -- anywhere phones and data
communications.

The talks mark Boeing's first known effort to own and operate a
satellite-services system. Boeing has struggled to profit from a boom in
commercial-jet deliveries. So it has been committing billions of dollars to
expand its presence in promising commercial-space markets. However,
Boeing officials have publicly insisted that they are focused on selling
hardware such as rockets and satellites.

For Ellipso's owners, including scientist David Castiel, MCHI's chief
executive, the talks betray the increasing difficulties of satellite-system
operators who need to raise large sums of development capital. To many
experts, those difficulties have been exacerbated by the technical and
financial problems experienced by Iridium LLC, the 66-satellite global
mobile-phone system already launched by a consortium including
Motorola Inc.

The comparatively low-cost Ellipso, one of just three global mobile-phone
systems that holds a license for U.S. operation, expects to begin service
late in 2001. It uses unusual oblong orbits to focus service on
underdeveloped countries.

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To: Maurice Winn who wrote (4315)4/30/1999 9:14:00 AM
From: Andmoreagain  Read Replies (1) | Respond to of 29987
 
Maurice Winn/Lose/Draw: Regarding ICO - thanks for the analysis. Just posting something I saw. Now, with your help, I can ignore it and free up some brain cells for another (brain) storm.

Regards,

Andmoreagain

P.S. How many permutations of my name do you have left?