Is Iridium Back?

from the nah,-probably-not dept

Is Iridium back? The company that bought billions of dollars worth of assets from the original Iridium for just $25 million (and immediately signed a contract for $72 million from the US Dept. of Defense) is saying they're back and better than the original Iridium. They may be back, and they may even be better, but some still think they're going to fail. At least they're not trying to be all things to all people, and they've lowered the costs of the damn thing. However, it's still really expensive, and cell phone service and coverage is increasingly getting better. If anything, Iridium's market is going to keep shrinking over time.

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  1. identicon
    niobium, 9 Nov 2001 @ 1:42am

    Huh?

    Iridium's market is not the same as the cellphone market - the fact that cellphoen coverage is getting better in the USA is entirely irrelevant (The civilised world has perfectly good coverage already, thank you). Iridium is for places like the Amazon jungle or the Himalyas whioch are never going to have cellphone coverage.

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