ICO Reports Progress on Regulatory Matters, Final Preparations Underway for April 14 Satellite Launch

Business Wire, March 10, 2008

FCC Issues Ruling on Broadcast Auxiliary Service Relocation

FCC Accepts ICO Application for ATC and Seeks Public Comment

ICO G1 Spacecraft Now Onsite at Cape Canaveral

RESTON, Va. -- ICO Global Communications (Holdings) Limited (ICO) (NASDAQ:ICOG) today reported progress on two key regulatory proceedings before the Federal Communications Commission (FCC), and also reported that its ICO G1 spacecraft had arrived at Cape Canaveral in preparation for its April 14 launch.

On Wednesday, March 5, the FCC released its Memorandum Opinion and Order (decision) and a Further Notice of Proposed Rulemaking regarding the relocation of broadcast auxiliary services (BAS). The Order makes specific findings supporting ICO's plans for in-orbit testing and its market trials in 2008. In addition, the Order requires detailed progress reporting on Sprint's BAS clearing efforts beginning April 1, 2008, and proposes to eliminate, by January 2009, the requirement that the top 30 BAS markets be cleared before mobile satellite service (MSS) operators begin nationwide operations in 2009.

Also on March 5, the FCC announced that it had found ICO's application for use of an Ancillary Terrestrial Component (ATC) to be acceptable for filing, and is seeking public comment on the application.

Copies of both the FCC Order on BAS relocation and the application for ATC can be found on www.ico.com/_about/fcc/.> Preparations continue for the launch of the ICO G1 satellite on an Atlas V launch vehicle. The G1 spacecraft arrived at Cape Canaveral on February 28 and is undergoing final processing for the launch on April 14. Photos of the spacecraft arrival at Cape Canaveral can be found on www.ico.com.

About ICO

ICO Global Communications (Holdings) Limited is a satellite communications company developing an advanced next-generation hybrid media system, combining both satellite and terrestrial communications capabilities. ICO is deploying a mobile interactive media service known as ICO mim[TM]. ICO mim will combine ICO's unique interactive satellite capability with nationwide coverage to deliver a new level of navigation, enhanced roadside assistance and the ultimate mobile video experience, including 10-15 live channels of premium television content. ICO is based in Reston, Virginia. For more information, visit www.ico.com.

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding the timing of the shipment and launch of ICO's G1 satellite, as well ICO's plans to conduct in-orbit testing and an alpha trial in 2008. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from our expected results, including the potential for further launch delays. More information about risks is contained in ICO's most recent Annual Report on Form 10-K and its other filings with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release speak as of the date hereof, and ICO undertakes no obligation to revise or update any forward-looking statements for any reason.