Iridium World Communications IRIDQ · USD

Its shares trade under the ticker IRIDQ. It has been listed since 9 June 1997. In the fiscal year to 31 December 1998, it reported revenue of $186,000 and a net loss of $1.26bn. At that date it held total assets of $3.74bn and shareholders' equity of $477.2m.

Iridium World Communications Ltd. engages in the acquisition, ownership, and management of Iridium communications system. The firm's subsidiaries include Iridium Operating LLC, Iridium Capital Corporation, Iridium Roaming LLC, Iridium IP LLC, and Iridium Facilities Corporation. Iridium offers its customers the ability to make and receive phone calls and receive pages virtually anywhere in the world. Iridium accomplishes this by providing access to the Iridium satellite constellation as well as the world's cellular networks, all with one phone, one phone number and one customer bill. Iridium believes it will be the only wireless telecommunications company in operation well into the year 2000 that will be able to offer this comprehensive global communications service. As of February 29, 2000, the Company was in Chapter 11 Bankruptcy proceedings.

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