Iridium Communications announced that it received "in excess of $1.8 billion of commitments from a syndicate of preeminent international banks" in connection with the credit facility that will be used to finance the construction of the company’s next-generation satellite constellation, Iridium Next. Thales Alenia Space is the prime contractor for the project, which consists of 81 low-earth orbiting communications satellites with first launch in early 2015. Iridium expects ...

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