Reston, VA., (Business Wire) February 27, 2009 - ICO Global Communications (Holdings) Limited (ICO) (NASDAQ: ICOG) today announced that it takes strong exception to the press statement by the UK Office of Communications (OfCom) regarding OfCom's intent to write to the International Telecommunications Union (ITU) on March 17, 2009 to "instruct that the ICO-P assignments currently recorded in the ITU Master Register be cancelled." "ICO-P" refers to ICO's medium earth orbit (MEO) satellite constellation. ICO F2, the first orbiting satellite in the MEO constellation, was launched in June, 2001 and continues to provide services.
ICO is registered in the ITU Master International Frequency Register (MIFR) as a result of having spent more than a decade and billions of dollars constructing an international satellite system, as well as its continued efforts to further enhance its satellite system. ICO has recently prevailed in a significant legal action against the Boeing companies regarding the fraudulent activity, breach of contract and tortious interference which caused the delays related to the deployment of the remainder of the system. ICO is continuing to defend its international legal rights, including through participation in international regulatory organizations and litigation.
Safe Harbor Statement
This press release contains forward-looking statements, including statements regarding ICO's inclusion in the MIFR, its continued efforts to enhance its MEO system, 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. 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.
ICO Global Communications