Iridium, the world's first sat mobile phone service, failed in its aim to create a global mobile phone service for most users. High costs, poor demand and also looming debt payments, among the other setbacks, forced the industry into bankruptcy.
Iridium Satellite, a current company directed by chairman Dan Colussy, anticipates that it was considered by lots of experts to be an excellent technology, but not absolutely one for which consumers would pay astronomical prices. Iridium's natural bigger phones is cost as much as $3,000, with airtime fees of more than $7 per minute.
Instead, Iridium Satellite plans to target commercial company markets, for instance aviation and oil and gas exploration concerns, as well as government buyers. The company last week authorized a contract with the Pentagon to give assistance 20,000 U.S. Defense Department employees over 2 years, which uncovered the way for completion of its addition to the old Iridium's features.
One major benefit Iridium Satellite has over its predecessors is independence from the large loan payments necessary to account the $5 billion system. Iridium Satellite estimates it will cost about $7 million for each month--including advertising and its contract with Boeing to manage the satellites--to perform the system, executives said.
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Iridium Satellite targets to launch 5 satellites.
Both from today's networks in Australia, Thuraya and Iridium, allow you to receive and send SMS from any of their satellite mobile phones.
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