Reston, VA., (Business Wire) May 14, 2009 – ICO Global Communications (Holdings) Limited (ICO) (NASDAQ: ICOG) learned today that the European Commission (EC) has not selected ICO’s subsidiary, ICO Satellite Limited, for S-band mobile satellite services (MSS). This process, known as Decision No. 626/2008/EC, was begun in 2008 with the stated purpose of selecting and awarding European-only mobile satellite services authorizations for an 18-year period.
ICO is challenging this process, having initiated legal proceedings in September 2008 in the European Court of First Instance seeking the annulment of Decision No. 626/2008/EC of the European Parliament. ICO contends that the Decision is illegal and should be annulled pursuant to Articles 230 and 231 of the Treaty establishing the European Community. As these legal proceedings had not been completed by the October 2008 deadline to submit applications to the EC to provide MSS, ICO Satellite Limited filed an application with the EC as called for in the above mentioned Decision, without prejudice, pending the outcome of the proceedings in the European Court of First Instance.