The future of Satphone Satellites - Globalstar and Iridium

And Globalstar will be able to continue to provide Australia wide emergency communications through your Globalstar handset...no doubt.

From the Australian Financial Review Feb 17th 2007.

"Fulcrum Equities formally known as Quadrant Iridium is 54 % owned by Michael Boyd best known as one of the early share holder behind one of Australia's best international corporate success stories, Sonic Heathcare.

Fulcrum has been in negotiations to sell its 6.35% stake in the US Satellite mobile phone group Iridium to a hedge fund but the deal hasn't been completed because of the hedge funds tax issues and the emergence of other buyers.
In recent weeks Iridium's listed rival Globalstar has emerged as a buyer of the whole of Iridium because of problems with its own satellites that appear hard to fix.
Buying Iridium would provide an instant solution and consolidate the satellite telecommunications market which has had its well documented problems over the years.
Fulcrum seems to be selling partly because Iridium is looking to spend a speculated $2 Billion-plus to deploy the next generation of satellites."

Seems that this extract from the Financial Review contradicts the claims made by Aviation Week & Space Technology????

Also have a look at Post No 42152 for more Global$hit information.

Given the market believes that Global$hit is in the crap big time (Stock Price has lost more than 50% in recent times) and the company has continued to mislead its customers about the quality of its service I would seriously doubt anything they claim they will do to improve their service.