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Setting sights on satellites

Cash infusions for ICO-Teledesic and Globalstar will stabilize satellite companies and could serve to put skeptics at bay.

 

  roundup 

Cash infusions for ICO-Teledesic and Globalstar will stabilize satellite companies and could serve to put skeptics at bay. At the same time, Juno sets its sights on satellites, teaming with Hughes on a high-speed Net access service.

 


Funding stabilizes satellite firms
Money, if not widespread confidence, is finding its way back into the satellite industry.

Juno, Hughes team on Net satellite service
The Internet communications provider and the telecommunications technology company plan to offer high-speed Net access by satellite to Juno members.

ICO-Teledesic Global gets $1 billion infusion
The holding company controlling the satellite assets of telephone industry pioneer Craig McCaw says it has commitments for about $1 billion in investments from top investors including Bill Gates.