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Via Satellite: Have these issues affected the financing for the new spacecraft?Navarra: We can go to the market and do a number of different options. We have not selected one yet. We want to keep options open, and the markets are not that good right now. We also have other strategic partners that would like to have a satellite company with service directed to them. Until then, we have Thermo Capital Partners and their funding to carry us through.
Via Satellite: Will these problems boost your competitors?Navarra: Commercial viability using the Globalstar system is in the eye of the business or the eye of the subscriber. Some of the businesses have no problems at all dumping high-rate data, which Iridium can’t do. If a company is willing to work with our service as it is they are happy. On the other side, if emergency responders want service instantaneously, they would be very pleased if we ran the statistics. We did well with the weakened systems, but we wish we could have done better. In some cases, there are customers more likely to use Iridium because they want an instantaneous five-minute call. In other areas, we are retaining customers that are willing to work with us.
Iridium is 18 months older than us and they, too, will be experiencing difficulty in connectivity due to radiation and the life of their satellites. They will have to raise a large sum of money [for their next-generation satellites]. The timing is such that Globalstar will take the moral high ground. We have even made the case that if our customer wanted Iridium or Inmarsat phones, we’ve done that to make our subscribers happier.
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