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News > Companies
A third eye in the sky
June 17, 1997: 7:16 a.m. ET

Motorola plans to develop third satellite communications network
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NEW YORK (CNNfn) - Motorola Inc. said it plans to develop a $12.9-billion satellite network designed to deliver high-speed data and video to international media and telecommunications companies.
     The venture represents Motorola's third and most ambitious foray into the satellite business. It comes less than two months after rival satellite concern Teledesic Corp. turned to Boeing Co. rather than the Schaumburg, Ill.-based communications giant to supply equipment for its 288-satellite network.
     Officials at Teledesic, which is backed by wireless pioneer Craig McCaw, told the Wall Street Journal they believe Motorola's latest venture is designed to compete directly with Teledesic in light of the lost contract -- a charge that Motorola denies.
     In addition to Teledesic, Motorola would also compete with Alcatel-Alsthom SA and Loral Space and Communications Ltd., a unit of Loral Corp.
     Motorola is already involved in two other satellite systems: a $5-billion global voice and paging system called Iridium and a planned $6.1-billion video system called M-Star.Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.