While satellite firm Iridium continues to struggle, MCI buys a wireless cable company as AOL is reportedly considering a $1 billion stake in Hughes.
"This move positions [AOL] very well because they'll already have the alliances when the technology becomes a reality."
- Antonette Goroch, Carmel Group vice president for research and consulting
AOL's satellite investments may pay off news analysis
The online giant's reported interest in investing as much as $1 billion in satellite technology firm Hughes Network Systems could be a knee-jerk reaction to AT&T's aggressive broadband moves.
Iridium stock sinks on continued woes update
Iridium stock tumbles to new lows after the struggling global satellite telephone service provider hires a financial adviser and says it may not reach subscriber goals.
AOL works its way around cable TV news analysis
In its drive to stay on top of the online world, America Online is working to piece together its own broadband network, but it's missing one crucial element: cable. (May 11, 1999)
Microsoft, Nextel in $600 million deal update
Microsoft today said it will take a stake in Nextel Communications and announced plans for a new wireless portal via its MSN network of Internet services. (May 10, 1999)
Get the CNET Mobile newsletter
Find the best phones, apps and accessories with our CNET Mobile newsletter. Delivered Tuesdays and Thursdays.