TITLE

A Truly Long-Term Approach

AUTHOR(S)
Fugazy, Danielle
PUB. DATE
January 2011
SOURCE
Investment Dealers' Digest;1/28/2011, Vol. 77 Issue 4, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the successful deployment of Iridium Communications Inc.'s next-generation satellite constellation, Iridium NEXT, worth 1.8 billion dollars in the U.S. Despite the difficulty in getting a loan to finance a project, Iridium managed to obtain a loan from French export credit agency Coface. Greg P. Lee, managing director of Coface SA, states that because of the huge risk associated with the launch of the project, they are careful on presenting them to the market.
ACCESSION #
58603210

 

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