Motorola
Hopeful Iridium Rescue Plan May Emerge
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Motorola's president, Robert Growney, said that
Iridium, “is in a phase right now where it is still
accepting.... offers.” Several groups have come forward offering
plans to use the satellites. Motorola declined to comment on
whether any new bidder plans now seemed viable. However,
any decisions on Iridium's
future would be made by the bankruptcy court, and specific details
are confidential.
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