Connectivity

ICO Closes Funding; Confirms G1 Launch Date

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[Satellite Today – 4-8-08] ICO Global Communications (Holdings) Ltd. subsidiary ICO North America Inc. has closed on the funding of its $40 million working capital facility agreement, ICO announced April 7.
    ICO also announced that the U.S. Federal Communications Commission April 2 granted the company’s request for a milestone extension to  launch the G1 satellite by April 15 and certify the mobile satellite services systems operational by May 15.
    The satellite was mated to its Atlas 5 launch vehicle, and final preparations are underway for a scheduled April 14 launch.

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