[LINK] El cheapo bid for iridium

[Tony Barry]

Source: Net News  02 June, 2000

EL CHEAPO BID FOR IRIDIUM
Castle Harlan, a US investment firm, has offered $50 million for the
  Iridium satellite telephone venture, which spent an estimated $5 billion
to put 66 satellites into orbit before going bust. (No wonder - its clunky
satphones cost $3,000 each and calls were $7 a minute). Lead investor
Motorola has been keeping the satellites up in the hope of finding a buyer,
  and said today it will continue to do so for one more month.
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