Teledesic, Motorola Go Separate Ways.(Brief Article)
Multichannel News, October, 2000
BELLEVUE, WASH. -- Teledesic LLC and Motorola Inc. have scotched an agreement that called for Motorola to serve as the prime contractor for Teledesic's ambitious broadband-satellite system. The announcement comes in the wake of Teledesic's plan to merge with ICO Teledesic Global Ltd.
Under its initial $10 billion proposal, Teledesic planned to launch about 288 low-earth-orbit satellites and offer highspeed services using the Ka band by 2004. Teledesic said the "mutual decision" to part ways with Motorola will give it the flexibility to pursue other technical approaches for its orbital, high-speed network.
Bill Gates and Craig McCaw are Teledesic's two primary founding investors. Teledesic's other financial backers include Saudi Prince Alwaleed...
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