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Iridium signs France Telecom Mobile&Norways Teleno

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    Iridium signs France Telecom Mobile&Norways Telenor Sat Serv

    Document date: Wed 19 Jun 2002 Published: Wed 19 Jun 2002 14:51:00
    Document No: 218112 Document part: A
    Market Flag: Y
    Classification: Progress Report
    QUADRANT IRIDIUM LIMITED 2002-06-19 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    US company, Iridium Satellite LLC (Iridium Satellite) today announced
    a global distribution agreement with France Telecom Mobile Satellite
    Communications, a fully owned subsidiary of France Telecom and a
    service provider agreement with Norway based Telenor Satellite
    Services.

    France Telecom Mobile and Telenor Satellite Services are the latest
    major telecommunications providers to join Iridium following the
    recent signing of Telstra, Singapore Telecommunications Ltd, Xantic
    and Telikom PNG.

    Quadrant Iridium Limited has a 16% interest in the US company,
    Iridium Holdings LLC, the holding company for Iridium Satellite.
    Following is the text of a press release made today.

    P MacLeod
    COMPANY SECRETARY

    IRIDIUM SATELLITE LLC SIGNS
    FRANCE TELECOM MOBILE SATELLITE COMMUNICATIONS SA AND
    NORWAYS TELENOR SATELLITE SERVICE

    AGREEMENTS STRENGTHENS IRIDIUM'S GLOBAL DISTRIBUTION NETWORK

    Iridium Satellite LLC, provider of global satellite voice and data
    communications, today announced a global distribution agreement with
    France Telecom Mobile Satellite Communications, a fully owned
    subsidiary of France Telecom and a service provider agreement with
    Oslo, Norway-based Telenor Satellite Services.

    France Telecom Mobile and Norway-based Telenor Satellite Services are
    the most recent major telecommunications providers to join Iridium
    Satellite's expanding global network of service partners to further
    broaden the distribution of Iridium's global satellite voice and data
    communications services. Iridium Satellite recently signed on Telstra
    (Australia), SingTel (Singapore), Xantic (Netherlands) and Telikom
    PNG (Papua New Guinea).

    FRANCE TELECOM MOBILE

    France Telecom Mobile Satellite Communications is a longstanding
    provider of mobile voice and data telecommunications services via
    Inmarsat satellites. This subsidiary is one of the world's leading
    providers of Inmarsat services. Today, the company plans to leverage
    Iridium's global voice and data capabilities and affordable cost
    structure to further extend its market to customers with "handheld"
    communications needs in remote areas.

    Under the agreement, France Telecom Mobile Satellite Communications
    will offer Iridium's voice and data services through its extensive
    dealer network around the world. The agreement further strengthens
    Iridium's global distribution network while providing France Telecom
    Mobile Satellite Communications with an additional mobile satellite
    offering for its customers. Moreover France Telecom Mobile Satellite
    Communications will develop through its fully-owned subsidiary
    Glocall (a distributor of mobile communications via satellite located
    in Netherlands), an international Iridium competence centre that will
    provide product marketing and support to France Telecom Mobile
    Satellite Communications' sales outlets.

    "France Telecom Mobile Satellite Communications is an ideal service
    partner for Iridium," said Gino Picasso, chief executive officer of
    Iridium Satellite LLC. "As a top provider of global satellite
    services, they have made a strong commitment to further business
    growth. Iridium's services bolster France Telecom Mobile Satellite
    Communications existing portfolio and expands their global reach."

    "Iridium is an essential addition to our satellite services portfolio
    enabling us to significantly broaden our target market and revenue
    base," said Jean-Louis Charlety, chairman and chief executive officer
    of France Telecom Mobile Satellite Communications. "With global
    coverage and data capabilities, Iridium delivers a robust mobile
    satellite communications offering and perfectly complements our
    existing satellite offerings for maritime and land-based
    applications. This partnership is key to delivering the most
    comprehensive suite of satellite communications services to our
    customers."

    TELENOR SATELLITE SERVICES

    In addition to France Telecom Mobile Satellite Communications,
    Norway-based Telenor Satellite Services will offer Iridium's voice
    and data services through its extensive worldwide dealer network.
    This agreement further strengthens Iridium's global network and user
    base while complementing Telenor's comprehensive portfolio of
    satellite communications solutions.

    "The addition of Telenor to Iridium's roster of service partners
    supports our ongoing strategy to provide organizations and
    individuals with remote communications capabilities that are not
    available from terrestrial-based wireless services," said Gino
    Picasso, CEO of Iridium Satellite LLC. "Telenor's industry leadership
    in markets where we have a strong customer base makes for a mutually
    beneficial partnership." Iridium already had an existing relationship
    with Marlink, a leading provider of satellite communications for the
    maritime community, launched by Telenor Satellite Services in March
    2002. As part of the agreement, Iridium will work with all of Telenor
    Satellite Services" business units including Telenor Satellite
    Services, Inc in the United States and Marlink.

    Iridium Satellite LLC, which bought the assets of Iridium LLC out of
    bankruptcy in December 2000, launched global voice services in March
    2001 and added ubiquitous Internet connectivity in June.

    The company recently launched five additional spare satellites to
    ensure the life span of the constellation, currently estimated to
    have at least eight more years of operational life.

    For further information please call:

    Pia De Lima, Burson-Marsteller (Melbourne): 613 9685 8539 / 0418 311
    437, [email protected]

    ABOUT FRANCE TELECOM MOBILE SATELLITE COMMUNICATIONS

    France Telecom markets its mobile satellite services (Inmarsat,
    Thuraya, Iridium) via its subsidiary France Telecom Mobile Satellite
    Communications. The company has a highly active and extensive
    distribution network all around the world, and holds three
    subsidiaries (Glocall in the Netherlands, FTMSC Gmbh in Germany and a
    40% share of TDCom in France). The business has a strong proportion
    of customers in the maritime, media and NGO, security, construction,
    petroleum and transportation sectors. In 2001, France Telecom's
    Inmarsat activities accounted for revenues of 111 million euros (an
    increase of 13% over 2000). France Telecom Mobile Satellite
    Communications is the third largest Inmarsat operator in the world
    with a market share of more than 20%.

    For more information: http://www.francetelecom-mobilesat.com.

    ABOUT TELENOR SATELLITE SERVICES

    Telenor Satellite Services is the world's leading provider of global
    mobile satellite communications for customers on land, at sea and in
    the air. Telenor offers high-quality voice, data, e-mail, fax and
    telex services primarily via the Inmarsat satellite system and its
    earth stations located at Eik in Norway, at Southbury, Connecticut,
    and Santa Paula, California in the United States. Additionally,
    Telenor is the largest single shareholder of Inmarsat Ventures Plc,
    holding the maximum allowable of 15 percent.

    ABOUT TELENOR

    Headquartered in Oslo, Norway, Telenor is an international provider
    of high quality telecommunications, data and media communication
    services. Telenor is one of Norway's largest companies with annual
    revenues of approximately NOK 46 billion and a work-force of 21,000
    located domestically and abroad in 2001. Telenor is listed at the
    Oslo Stock Exchange (TEL) and NASDAQ in New York (TELN).

    ABOUT IRIDIUM SATELLITE LLC

    Iridium Satellite LLC is the only provider of truly global satellite
    voice and data solutions with complete coverage of the earth
    (including oceans, airways and Polar Regions). Through a
    constellation of 66 low-earth orbiting (LEO) satellites operated by
    The Boeing Company, Iridium delivers essential communications
    services to and from remote areas where no other form of
    communication is available. The service is ideally suited for
    industries such as maritime, aviation, government/military,
    emergency/humanitarian services, mining, forestry, oil & gas and
    heavy construction. Iridium currently provides service to the US
    Department of Defense under a multi-year contract. Iridium works with
    more than 20 seasoned service partners to sell and support the
    service globally. For more information, please visit www.iridium.com
    or call 866-947-4348 (in the U.S.); +1 480-752-5155
    (internationally). For more information: http://www.iridium.com/.

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