iridium motorola

COMPANY NEWS; Sprint Tying Into Wireless Global Net - New York Times @import url(http://graphics8.nytimes.com/css/standalone/fullpage/screen/fullpage.css); @import url(http://graphics8.nytimes.com/css/common/screen/article.css); @import url(http://graphics8.nytimes.com/css/common/screen/ie7.css); Log In Register Now Home Page My Times Today's Paper Video Most Popular Times Topics Monday, April 28, 2008 Technology World U.S. N.Y. / Region Business Technology Science Health Sports Opinion Arts Style Travel Jobs Real Estate Autos COMPANY NEWS; Sprint Tying Into Wireless Global Net E-MAIL Print Save By ANTHONY RAMIREZ Published: August 3, 1993 Motorola Inc.'s ambitious plan for building the world's most complex satellite system to provide global wireless-telephone service got a substantial lift yesterday when the Sprint Corporation, the nation's third-largest long-distance carrier, said it would invest about $40 million in the project. The project is far from final. The Sprint investment was part of about $800 million in initial international financing announced by Motorola yesterday for its $3.4 billion Iridium project. Critics of the project, which would surround the earth with a network of low-orbit satellites that could connect wireless-telephone service anywhere on the planet, had predicted the company would have difficulty lining up investors because the system might be eclipsed by more conventional telephone systems. Sprint Gets an Exclusive The investment by Sprint in Motorola's $3.4 billion project means that it, rather than Sprint's rivals, A.T.& T. and MCI Communications, will have nearly exclusive access to North American customers of the project. It also means that Motorola was able to convince one of the primary long-distance companies in the United States of its viability. North American customers would provide much, if not the majority, of Iridium's business. There are about 11 million cellular customers in the United States; about 40 million worldwide. Along with Motorola and BCE of Canada, Sprint will also build the North American telecommunications switching station, known as a gateway, to the Iridium satellite network. Iridium service is scheduled to begin commercial availability in 1998. In theory, Iridium customers could make calls to and from places where ordinary desktop and wireless service are unavailable -- for example, mountaintops, the middle of the desert or at sea. Motorola Shares Up Sharply Sprint will also spend an additional $8 million to $10 million on a complex of computers that connect to the regular telephone network. Motorola's share price on the New York Stock Exchange rose sharply on the news to a 52-week high of $94.50 a share in intraday trading before closing at $94.375, up $3.75. Critics of the project had said that there probably would not be enough customers for Iridium. Motorola projects an elite 2 percent of 100 million global cellular customers by 2000. But critics said such widespread service would mean Iridium would not be necessary. Motorola, however, is betting that the increasing incompatibility of cellular telephone standards in North America, Europe and Asia would push elite international customers to Iridium. "The issue is protocol anarchy for cellular phones," John F. Mitchell, Motorola's vice chairman, said. "Iridium will be the only universal standard." Under the financing announced yesterday, 12 investors will fill Iridium's 20-member board. Motorola will have six seats and a Japanese consortium headed by Daini Denden, Japan's domestic long-distance carrier, and the Kyocera Corporation, an electronics company, will have three seats. A consortium for Europe headed by the Mawarid Group, a Saudi Arabian industrial group, will have three seats. The eight remaining seats will be filled by investors like Sprint. 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