Iridium cries uncle in last chapter of satellite debacle
Barring any last-minute bidders, the company will start letting its satellites go down in flames at midnight.
latest developments |
The satellite-based mobile phone company, which filed for bankruptcy protection and has been unable to attract last-minute bidders, will start letting its satellites go down in flames at midnight. "It's toast." - Marc Crossman, J.P. Morgan analyst |
| Iridium asks court to let satellites burn The company tells a bankruptcy court it can't find a qualified buyer for its satellite-based mobile phone service and wants to shut down by midnight. Previous coverage
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