Get The Latest Information Concerning Motorola Grounding Iridium Satellite Mobile Phone Launch
Iridium, the satellite mobile phone industry, has been working hard to re-invent itself following its 1999 bankruptcy. Last September it returned towards the stock market via a reverse takeover, and has set about raising cash for a new fleet of low-earth orbiting satellites.
In the 1990s Iridium launched with the concept of promoting satphones to a broad consumer marketplace, but was quickly overtaken by the mobile telephone industry. It became chiefly a niche provider of phones to aid workers and also the military.
Now, Matt Desch, chief executive, believes there might be a big new marketplace to be exploited in checking all sorts of objects, from trucks and cargo containers to polar bears, by satellite phone .
Iridium was hopeful of getting backing for that $2.7bn project from either the US or French export credit agency
Now there is really a snag. One-time parent company Motorola, which spun out Iridium in 1998, is suing the organization for "at least $24.68m", associated to old loan agreements in between the two companies. More worryingly, Motorola could terminate crucial intellectual property licences for Iridium, which would allow it to be not possible for the firm to operate its satellite program.
Without having usable IP, there will not be much point in building or launching the satellites, even when the cash can be raised. Iridium says it's nevertheless in talks with Motorola to resolve the concern, but the case could well wind up in court.
If this leads to delays, its terrible news. Iridium's current satellites are not getting any younger - they have to be replaced in the next four years or so - and other competitors for example Inmarsat, Orbcomm and Globalstar are preparing rival services.
Iridium shares, which debuted at around $10 have now lost around 30 per cent of their value.
The Motorola concern demonstrates once again the dangers of the space business. In orbit, the satellites are at risk of colliding with space junk - 1 Iridium satellite was taken out just last year when it crashed with a defunct Russian satellite . On the ground, it risks getting hit by the legal debris of its previous financial collapse.
Get The Most Recent News Regarding Inmarsat Preparing To Enter Mobile Market Place
This is Inmarsat's first foray into the mobile-handset market - the satellite communications company has conventionally made its money through its data services
Learn About The Latest News With Regards To The Sat Phone Vs Cell Cell Phones
What is the difference between a satellite phone phone and a cell phone? Cell phones rely on terrestrial networks to complete a call whereas satellite phones rely on orbiting satellites
Inmarsat Selects EMS Systems To Design Next-Generation World Wide Satellite Phone
Inmarsat's next-generation dual-mode satellite phone and GSM mobile phone. The contract, which expands EMS's market focus beyond aeronautical broadband, is for approximately $26 million.
Checkout The Most Recent Story With Regards To IsatPhone Pro Ever First Call And Also Images Introduced
The first images of IsatPhone Pro have been released to coincide with the announcement of the first call to be made using the new global handheld phone.
Learn About The Latest Information About Inmarsat Rolling Out IsatPhone Pro Satellite Cellphone
Inmarsat has doffed the covers of its latest global handheld satellite phone, the IsatPhone Pro. The company is said to be a leading provider of global mobile satellite communications services.
Get The Latest Information Concerning Satellite Mobile Phone Connectivity
A communication satellite function as an overhead wireless repeater station that provides a microwave communication link between two geographically remote sites. Due to its high altitude, satellite transmissions can cover a wide area over the surface of the earth.
Get The Most Up-To-Date Story Concerning Inmarsat Selling The IsatPhone Pro Satellite Cellphone
The provider of global mobile satellite communications services Inmarsat, launched its IsatPhone Pro satellite phone at a suggested retail price of US$699, with promotional prices expected to be around US$500-600.
In the 1990s Iridium launched with the concept of promoting satphones to a broad consumer marketplace, but was quickly overtaken by the mobile telephone industry. It became chiefly a niche provider of phones to aid workers and also the military.
Now, Matt Desch, chief executive, believes there might be a big new marketplace to be exploited in checking all sorts of objects, from trucks and cargo containers to polar bears, by satellite phone .
Iridium was hopeful of getting backing for that $2.7bn project from either the US or French export credit agency
Now there is really a snag. One-time parent company Motorola, which spun out Iridium in 1998, is suing the organization for "at least $24.68m", associated to old loan agreements in between the two companies. More worryingly, Motorola could terminate crucial intellectual property licences for Iridium, which would allow it to be not possible for the firm to operate its satellite program.
Without having usable IP, there will not be much point in building or launching the satellites, even when the cash can be raised. Iridium says it's nevertheless in talks with Motorola to resolve the concern, but the case could well wind up in court.
If this leads to delays, its terrible news. Iridium's current satellites are not getting any younger - they have to be replaced in the next four years or so - and other competitors for example Inmarsat, Orbcomm and Globalstar are preparing rival services.
Iridium shares, which debuted at around $10 have now lost around 30 per cent of their value.
The Motorola concern demonstrates once again the dangers of the space business. In orbit, the satellites are at risk of colliding with space junk - 1 Iridium satellite was taken out just last year when it crashed with a defunct Russian satellite . On the ground, it risks getting hit by the legal debris of its previous financial collapse.
Get The Most Recent News Regarding Inmarsat Preparing To Enter Mobile Market Place
This is Inmarsat's first foray into the mobile-handset market - the satellite communications company has conventionally made its money through its data services
Learn About The Latest News With Regards To The Sat Phone Vs Cell Cell Phones
What is the difference between a satellite phone phone and a cell phone? Cell phones rely on terrestrial networks to complete a call whereas satellite phones rely on orbiting satellites
Inmarsat Selects EMS Systems To Design Next-Generation World Wide Satellite Phone
Inmarsat's next-generation dual-mode satellite phone and GSM mobile phone. The contract, which expands EMS's market focus beyond aeronautical broadband, is for approximately $26 million.
Checkout The Most Recent Story With Regards To IsatPhone Pro Ever First Call And Also Images Introduced
The first images of IsatPhone Pro have been released to coincide with the announcement of the first call to be made using the new global handheld phone.
Learn About The Latest Information About Inmarsat Rolling Out IsatPhone Pro Satellite Cellphone
Inmarsat has doffed the covers of its latest global handheld satellite phone, the IsatPhone Pro. The company is said to be a leading provider of global mobile satellite communications services.
Get The Latest Information Concerning Satellite Mobile Phone Connectivity
A communication satellite function as an overhead wireless repeater station that provides a microwave communication link between two geographically remote sites. Due to its high altitude, satellite transmissions can cover a wide area over the surface of the earth.
Get The Most Up-To-Date Story Concerning Inmarsat Selling The IsatPhone Pro Satellite Cellphone
The provider of global mobile satellite communications services Inmarsat, launched its IsatPhone Pro satellite phone at a suggested retail price of US$699, with promotional prices expected to be around US$500-600.
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