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10-Nov-99 | ICO returns to schedule

Three of five ICO flights expected in 2000 have returned to the schedule, following the announcement that a group of investors led by Teledesic will be providing up to $1.2 billion to the beleaguered company over the next year. The investment is a win-win situation for the two companies: it allows ICO to pull itself out of Chapter 11, and enables Teledesic to begin building its constellation of “Internet-in-the-sky” satellites earlier than originally planned.


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