Corporate History
Founded in January 1995, ICO Global Communications, planned to build an MSS constellation in medium earth orbit (in two 45°-inclined orthogonal planes), and had contracted Boeing Satellite Systems (then Hughes) for 12 spacecraft in July of that year — ten operational spacecraft and two in-orbit spares. ICO filed for Chapter 11 bankruptcy protection in August 1999, but emerged (as New ICO) in May 2000 following investments by Craig McCaw and others. ICO has pursued plans to build and launch a geosynchronous satellite to cover North America, supplemented by an ancillary terrestrial component. ICO G1 launched on April 14, 2008, and ICO's application for an ancillary terrestrial component was approved by the Federal Communications Commission in January 2009.
In June 2011 ICO Global Communications was renamed to Pendrell Corporation (NASDAQ: PCO).
Read more about this topic: ICO Global Communications
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