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Goldman advises Iridium on funding new sats
28 October 2009
Mobile satellite phone company Iridium has appointed the bank Goldman Sachs to advise it on funding its new fleet of satellites, to replace the ageing set of craft it inherited from the original Iridium venture
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[Iridium]
[Goldman Sachs]
[Motorola]
[Hawkpoint]
[satellites]
Comment: Iridium’s come a long way since the Mark I company, set up by Motorola, filed for bankruptcy owing $1.5 billion 10 years ago. It’s no longer seen as a service for vacationers on Caribbean beaches but now has a viable business serving niche markets — including the increasingly interesting machine-to-machine market.
Satellite operator Iridium Communications has engaged Goldman Sachs as its lead global advisor on the...
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