The latest news from Iridium and its partners
On Monday, March 6, 2000, Iridium LLC was granted a funding extension to continue operations through Friday March 17, 2000 by the U.S Bankruptcy Court for the Southern District of New York. Iridium is actively seeking a qualified buyer for the system. However, in the event that no qualified buyer comes forward and provides additional funding by Wednesday, March 15, 2000, Iridium expects to terminate its service at 11:59 pm (EST) on March 17, 2000. Customers should contact their local service providers with any specific questions about their service plans. Also, Motorola has made a website available at www.motorola.com/satellite/info to provide Iridium users with information about communications alternatives.
On March 17, 2000, Iridium LLC notified the U.S. Bankruptcy Court that it had not been able to attract a qualified buyer by the court’s deadline. Iridium LLC announced that it was terminating commercial service after 11:59 p.m. (EST-USA) March 17, 2000, and that it was beginning the process of liquidating its assets. Motorola will continue to maintain the Iridium satellite constellation for a limited period of time, while the deorbiting plan is being finalized. During this period, we will attempt to continue limited service for subscribers in remote locations who may not have alternative communications. However, the continued availability of Iridium service for these remote customers during this time will depend on whether the other independently-owned and operated gateway companies remain open. We understand that Iridium North America (“INA”) has decided to stay open on a limited basis, as will the Motorola-owned Service Providers, MCSI and MWINS. Motorola is urging other gateways to do the same.