August 28, 2000

Another bid submitted for Iridium

Author: JT Smith

Another bid was submitted to buy the Iridium satalites (valued at 5 billion USD). "A California-based organisation named CMC International is offering to pay $US30 million ($A53 million) to acquire Iridium's 88 satellites and other assets, according to a court filing submitted today." (from Fairfax I.T.)


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