Teledesic

WASHINGTON-Craig McCaw, who made a fortune in the cellular industry before stumbling in satellite and local telephone ventures, last week unveiled plans to leverage wireless technology to compete against dominant …

While its products still entice carriers, Nortel Networks Ltd. is down in the dumps on Wall Street. The question looms whether the company’s technology will prevail over its financial woes. …

The financial woes of Nortel Networks Ltd. plunged the company’s stock price 27 percent as the firm announced it has fired its chief executive officer, chief financial officer and controller. …

BELLEVUE, Wash.-Satellite communications provider Teledesic LLC said it is suspending operations, “significantly” reducing its staff and re-evaluating its business approach. The company said last week it will suspend work with …

BELLEVUE, Washington, United States—Teledesic said it signed an agreement with Italian satellite manufacturer Alenia Spazio to build satellites for Teledesic’s network. The agreement covers construction of Teledesic’s first two satellites. …

BELLEVUE, Wash.—Teledesic L.L.C. said it signed an agreement with Italian satellite manufacturer Alenia Spazio Spa to build satellites for Teledesic’s network. The agreement covers construction of Teledesic’s first two satellites. …

KIRKLAND, Washington, United States—ICO Global announced it has reached final agreement on its merger with New ICO Global Communications. ICO Global, previously known as ICO-Teledesic Global, also has agreed with …

Mobile satellite service is an idea and a technology that today lies buried under the apprehension and disappointment of a number of major business deals gone bad. But about 10 …

For several years, it seems there has been little good news to report about the mobile satellite industry. It is one that has been marked by marginal peaks and inconceivable …

NEW YORK-ICO-Teledesic Global Ltd. and New ICO Global Communications Holdings Ltd. have withdrawn plans for the public sale of securities related to their planned merger. New ICO also has applied …

BELLEVUE, Wash.-Teledesic L.L.C. and Motorola Inc. have agreed to end their system agreement in the wake of Teledesic’s plans to merge with ICO-Teledesic Global Ltd., Teledesic announced. Motorola was the …

A relatively unknown company is muscling its way to the front of the pack in the race to provide two-way satellite broadband Internet service, backed by the financial and marketing …

LONDON-Amid the flickering satellite communications business, Craig McCaw’s ICO-Teledesic Global Ltd. appears to be shining bright after receiving more than $1 billion in investor financing led by McCaw’s Eagle River …

WASHINGTON-A major satellite export reform bill passed by the GOP-led Congress two years ago has blown up in the face of lawmakers at a time when Republicans and Democrats are …

As Globalstar Telecommunications Ltd. faces a funding gap, a proposed merger between two emerging satellite operators adds yet another twist in the short history of the mobile satellite industry. Globalstar …

After spending 10 years and $5.8 billion building and launching a constellation of 66 low-earth-orbit satellites to provide mobile voice and paging services worldwide, Iridium L.L.C. is facing a new …

Craig McCaw’s Eagle River Investments L.L.C. announced it will not invest in Iridium L.L.C., forcing Iridium to look elsewhere for financial backing to pull it out of Chapter 11 bankruptcy …

DENVER, United States-Globalstar USA became the latest Globalstar L.P. partner to launch full commercial service, completing the company’s North American coverage for its mobile satellite phone service, perhaps Globalstar’s most …

Is it a bird? A plane? No, it’s Craig McCaw, swooping in to rescue yet another struggling satellite wireless phone company-leading a group of investors to provide $74.6 million in …

DENVER-RCR announced seven inductees into its first annual Wireless Hall of Fame, created to recognize the contributions of those people who have made significant contributions to the advancement of the …

A U.S. bankruptcy court has given ICO Global Communications final approval for $500 million in financing from an investor group led by Craig McCaw and Indian media magnate Subhash Chandra, …

Just weeks after a bankruptcy court approved the first part of his plan to bail out the financially struggling ICO Global Communications, Craig McCaw reportedly is close to completing a …

ICO Global Communications announced the first $150 million in interim debtor-in-possession financing offer led by Craig McCaw and his Eagle River Investments L.L.C. affiliate has been approved by the U.S. …

Tessco Tessco Technologies Inc. appointed Kevin P. Demery vice president and unit director of product and brand development. He will be responsible for electronic commerce, product management, strategic planning and …

ICO Global Communications Ltd. received final commitments for the $1.2 billion in financing needed to finish building its satellite voice network from none other than cellular industry pioneer Craig McCaw. …