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FCC grants milestone extension to ICO.(BUSINESS)

Wireless Satellite and Broadcasting Newsletter, February, 2007

ICO Global Communications (Holdings) Limited ("ICO") announced that the Federal Communications Commission ("FCC") has granted ICO's request for milestone extensions in connection with the construction and launch of ICO G1, the company's geostationary satellite for ICO North America.

"We are extremely pleased to receive this milestone extension, and we thank the FCC for their timely consideration of our request," commented Tim Bryan, ICO's CEO. "We have expended over $310 million so far on our satellite and launch programs alone for ICO G1, and millions more on our terrestrial, device, and radio layer activities. We are grateful that we can continue our work to bring next-generation satellite services to the nation as soon as possible."

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