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Home > Company Index > Telecommunications > Wireless Communications Services > Iridium World Communications Ltd.

Iridium World Communications Ltd.
OTC: IRIDQ
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 NEWS FROM THE STANDARD
Wireless Pipe Dream
Apr 16 2001 12:00 AM PDT

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Apr 02 2001 12:00 AM PDT

Motorola - Poor Results but Accurate Forecasting
Jan 10 2001 04:42 PM PST

Coming Down to Earth
Oct 11 2000 12:00 AM PDT

Explosions Everywhere!
Aug 02 2000 12:00 AM PDT

 PROFILE
Iridium World Communications is the publicly traded investment vehicle for Iridium LLC, a Motorola-led consortium formed to provide wireless phone and paging services anywhere in the world through a satellite network and agreements with other carriers. Iridium faced technical and marketing glitches, however, and failed to meet subscriber goals set by its creditors. A federal bankruptcy judge gave the consortium permission to liquidate Iridium, cut off service to its remaining customers, and send its satellites into the Earth's atmosphere to burn up. However, the consortium has sold its operating assets to a new company, Iridium Satellite, led by former Pan Am president Daniel Colussy.

 DEALS
Deal: Castle Harlan Acquires Remainder of Iridium
Date Announced: 06.01.00
Value of transaction (US $Mil): 50
Description: Merchant bank buys assets of satellite-networking company.

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1998 Sales (mil.): 0.10
1-Yr. Sales Growth: 0.0%
Employees: 9
Revenue per employee: $11,111.11

 CONTACT INFO
10803 Park Ridge Dr.
Reston, VA 20191
US
Phone: 703-648-8000
Fax: 703-648-8065
Online: Web Site

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