Iridium, the ever first satellite handset service, did not succeed in its attempt to make a global mobile service for mass-market consumers. High costs, poor demand and also looming credit card debt payments, among the other setbacks, pushed the company into bankruptcy.
Iridium Satellite, a new business led by chairman Dan Colussy, thinks it was evaluated by most industry professionals to be a brilliant technology, yet not necessarily one for which users would pay astronomical charges. Iridium's original bigger mobile phones cost you as much as $3,000, along with airtime fees of up to $7 per minute.
Rather, Iridium Satellite wants to target industrial business markets, like aviation and oil and gas exploration concerns, along with government users. The industry last week signed a contract with the Pentagon to serve twenty thousand U.S. Defense Department workers over two years, which unveiled the way for the fulfillment of its addition to the obsolete Iridium's assets.
One main advantage Iridium Satellite has over its forerunners is liberty from the huge loan payments essential to finance the $5 billion system. Iridium Satellite estimates it will cost you about $7 million per month--like advertising and its contract with Boeing to handle the satellites--to work the system, executives said.
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Iridium Satellite schedules to introduce 5 satellites.
Both together from today's networks within Australia, Thuraya and Iridium, allow you to receive and send SMS from any of their satellite mobile phones.
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