| SPACE MART | SPACE DAILY | SPACE WAR | TERRA DAILY | MARS DAILY | SPACE TRAVEL | GPS DAILY | ENERGY DAILY |
 |
The Woodlands - Jan 05, 2004 In response to recent shareholder inquiries GlobalNet Corporation has confirmed that it has been awarded an exclusive contract for worldwide termination of voice and data mobile satellite telecommunications traffic originating in Libya. It expects to be one of the first American companies operating in the oil rich nation after trade sanctions are lifted by the U.S. government. United Nations' sanctions against Libya have already been abolished. The announcement follows the agreement of Libyan leader Col. Moammar Khaddafi to permit weapons inspectors unfettered access to his country in order to guarantee the dismantling of any weapons of mass destruction that may exist there. The telecommunications contract was granted to GlobalNet by Global Telesat Corp., a privately held company that owns the only satellite simplex applique situated anywhere in the world outside of the United States. It is installed in a communications gateway within the region at an undisclosed protected location. Global Telesat recently decided to commercialize this gateway applique. Approval from the U.S. Department of State will be required before service can be initiated from Libya, but all of the necessary equipment needed to activate the service has already been put into place at the gateway. GlobalNet is negotiating additional contracts to expand its telephony coverage to other areas at this time. "This is a great contract for our company because it's based on our proprietary IP Network, VOIP technology and cost-effective service," said Mark T. Wood, Chairman & CEO of GlobalNet Corporation. "We're delighted to have been chosen by our partner Global Telesat Corporation for this contract and desire to clear up any shareholder confusion regarding the announcement of this new contract." Community Email This Article Comment On This Article Related Links GlobalNet SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Stratos Steps Closer To Xantic Acquisition
Bethesda MD (SPX) Jan 5, 2006Stratos Global recently announced it had taken a step closer toward the completion of the acquisition of Xantic, having received positive advice from the Works' Council in the Netherlands, and executed a definitive agreement to purchase Xantic from KPN and Telstra Corporation. |
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
