The former ICO Global Communications emerged from Chapter 11 bankruptcy protection last week as New ICO, preparing to offer high-speed wireless Internet capability rather than the previously planned mobile telephone service. The successful exit from Chapter 11 on May 17 follows an investment of $1.2 billion by a group of investors led by Craig McCaw. The move follows by 5 days the merger of Teledesic into ICO-Teledesic Global, a new holding company that controls the satellite assets of ...

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