Iridium, the ever first satellite handset service, failed in its attempt to develop a global mobile phone service for mass-market consumers. Expensive, poor demand and looming deficit payments, among the other setbacks, forced the company to file for bankruptcy.

Iridium Satellite, a new company led by Dan Colussy, the chairman, believes it was seen by most specialists to be a great technology, then again not absolutely one for which consumers would pay astronomical rates. Iridium's true bulky mobiles cost you as much as $3,000, with airtime fees of up to $7 per minute.

On the other hand, Iridium Satellite plans to target industrial sector markets, such as aviation and oil and gas exploration concerns, along with government users. The company last week signed an agreement with the Pentagon to give assistance 20,000 U.S. Defense Department workers over a couple of years, which cleared the way for the completion of its addition to the previous Iridium's assets.

One crucial advantage Iridium Satellite has over its predecessors is freedom from the great debt payments needed to finance the $5 billion system. Iridium Satellite estimates it will cost about $7 million per month--in addition to advertising and its contract with Boeing to manage the satellites--to operate the system, executives said.

You'll have the reason why the satellite telephones seem to be so reliable and why you would want to hire a satellite mobile phone rather than depend on unreliable regular cell phone in these areas.

Iridium Satellite plans to announce 5 satellites.

Both from today's networks within Australia, Thuraya and Iridium, let you to receive and send SMS from any of their satellite mobile phones.

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