Technology Industry
Industry: Email Alert RSS FeedFBI wants to review ICO/Globalstar acquisition.(News)
RCR Wireless News, September, 2003
U.S. law enforcement officials want federal regulators to delay a decision on ICO Global Communications Ltd.'s application to acquire Globalstar Corp. mobile satellite service licenses until public-safety and national security issues are resolved. The proposed ICO-Globalstar deal has been pending before the Federal Communications Commission since late May.
Cellular pioneer and billionaire Craig McCaw is a major investor in ICO. The Justice Department and FBI weighed in with their concerns in a July 14 filing with the FCC. "The applicants acknowledge that the DoJ and FBI have concerns that the proposed transaction and authority sought from the commission, if granted, may impair the ability of the DoJ and FBI to preserve the national security.''...
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