Print page |
E-mail page
| 
Download PDF
|
Add to briefcase
« Previous Release | Next Release »
Reston, VA., (Business Wire) May 14, 2009 - ICO Global Communications (Holdings) Limited (ICO) (NASDAQ: ICOG) learned today that the European Commission (EC) has not selected ICO's subsidiary, ICO Satellite Limited, for S-band mobile satellite services (MSS). This process, known as Decision No. 626/2008/EC, was begun in 2008 with the stated purpose of selecting and awarding European-only mobile satellite services authorizations for an 18-year period.
ICO is challenging this process, having initiated legal proceedings in September 2008 in the European Court of First Instance seeking the annulment of Decision No. 626/2008/EC of the European Parliament. ICO contends that the Decision is illegal and should be annulled pursuant to Articles 230 and 231 of the Treaty establishing the European Community. As these legal proceedings had not been completed by the October 2008 deadline to submit applications to the EC to provide MSS, ICO Satellite Limited filed an application with the EC as called for in the above mentioned Decision, without prejudice, pending the outcome of the proceedings in the European Court of First Instance.
"ICO has spent years clearing the S-band worldwide, has an operational satellite using this frequency band and is registered in the International Telecommunications Union (ITU) Master International Frequency Register (MIFR). We believe the just-concluded EU process jeopardizes years of international cooperation and coordination that has governed satellite communications worldwide," commented Michael Corkery, acting chief executive officer of ICO. "ICO will continue assessing its options in defending its international legal rights."
Safe Harbor Statement
This press release contains forward-looking statements, including statements regarding ICO's inclusion in the MIFR and its efforts to defend its international legal rights. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from our expected results. 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.
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. In North America, through its subsidiaries, ICO is conducting trials for innovative new mobile services using a satellite-terrestrial network powered by ICO G1, which was launched in 2008. ICO's satellites are capable of supporting wireless voice, data, and/or Internet services on mobile and portable devices. ICO is based in Reston, Virginia. For more information, visit www.ico.com.
Contact:
Christopher Doherty
ICO Global Communications
703-964-1414
christopher.doherty@ico.com