Iridium announces new satellite phones

01.05.2006

Since revamping its operations five years ago following the bankruptcy of its predecessor (see "Iridium Refocuses on B2B"), the new Iridium Satellite LLC has positioned itself as a business and government satellite communications provider for fail-safe communications.

The original Iridium LLC was about to decommission its satellite network in 2001 when it was purchased by a consortium of buyers for $25 million. The satellite system cost $5 billion when it was built in 1998 by Schaumburg, Ill.-based Motorola Inc. and others.