Telematics Weekly

industry insight, news and interviews paid sponsor: Sancomm, Inc. Free Subscription February 5, 2012

All Systems Go — FCC Approves Iridium Deal

The Fed­eral Com­mu­ni­ca­tions Com­mis­sion approved GHL Acqui­si­tion Corp.’s pur­chase of mobile satel­lite ser­vices com­pany Irid­ium Hold­ings LLC on Mon­day. The trans­ac­tion, which the com­pa­nies announced in Sep­tem­ber 2008, will take Bethesda-​​based Irid­ium pub­lic. New York-​​based GHL Acqui­si­tion will hold a spe­cial stock­hold­ers’ meet­ing Sept. 23 to vote on whether or not to approve the pur­chase of Iridium.

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