Feeds

DDI to close Nippon Iridium

Japanese telco to cease funding Iridium too

  • alert
  • submit to reddit

Intelligent flash storage arrays

Japanese telco DDI yesterday said it will shut Iridium Nippon, the ailing satellite comms venture's Japanese operation, in which it's the majority shareholder. DDI president and chairman Yusai Okuyama said his company will also no longer fund Iridium itself -- even if its current management team are allowed by other investors to restructure. It's not clear whether DDI counts Teledesic boss Craig McCaw's attempt to take Iridium over as a restructure, but it seems likely. Analysts cited by the Nikkei newsservice certainly believe that esterday's announcement signals an end to DDI's involvement with Iridium. Okuyama said that the decision had been made because demand for Nippon Iridium's service, which launched just over a year ago, has been lower than expected. The company has 4300 subscribers; Iridium as a whole has around 50,000 users worldwide. Ironically, Iridum's attempt to stay afloat and safe from creditors which saw the company move into Chapter 11 bankruptcy protection last August, actually prompted DDI's decision. It said the move into Chapter 11 prevent Nippon Iridium from exploring futher business opportunities in the Japanese market. Iridium has yet to respond to DDI's announcement. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.