near the end

From: Walter Nissen (wnissen@freenet.tlh.fl.us)
Date: Fri Mar 17 2000 - 15:50:56 PST

  • Next message: Walter Nissen: "Iridium, Maley, Clark on network news"

    From
    http://www.washingtonpost.com/wp-srv/aponline/20000317/aponline142541_000.htm
    
    Iridium Wants To End Phone Service
    By David E. Kalish
    AP Business Writer
    Friday, March 17, 2000; 2:25 p.m. EST
    
    NEW YORK -- ... The company told a U.S. bankruptcy court in a written
    filing that it has been unable to find a qualified buyer and asked for
    permission to use $8.3 million of its remaining money to close down.
    The move would cut off service to 55,000 customers. ...
    
    If the court approves spending the money, Washington-based Iridium will
    pull the satellites out of orbit so they can burn up on re-entry into the
    Earth's atmosphere. ... 
    
    Iridium bankruptcy filing:
    http://ecf.nysb.uscourts.gov/cgi-bin/show-case-doc?416,2637 (Adobe Acrobat
    Reader needed to read documents)
    
    
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