Ico Teledesic Global Ltd, et al. – ‘425’ on 3/22/01 re: Ico Teledesic Global Ltd

On:  Thursday, 3/22/01, at 4:56pm ET   ·   Accession #:  1095811-1-500588   ·   File #:  333-46230

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Business-Combination Transaction Communication   —   Rule 425
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 425         Business-Combination Transaction Communication         2±     8K 

425
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Media Contacts:                                                                 
ICO-Teledesic Global                                                            
--------------------                                                            
Bob Ratliffe    +1.425.828.8686; bobr@eriv.com                          
Roger Nyhus     +1.206.915.3878; roger@nyhus.com                        

CCII                                                                            
----                                                                            
C. J. Waylan    +1.770.667.3089 or +1.703.938.4326; jwaylan@aol.com     

ICO-TELEDESIC GLOBAL AND CCI INTERNATIONAL
 REACH COLLABORATION AGREEMENT

KIRKLAND, Wash., and WASHINGTON - March 22, 2001 - In its second such agreement 
in a week, ICO-Teledesic Global Limited, a holding company for                  
telecommunications pioneer Craig McCaw's satellite assets, and CCI              
International, NV (CCII), a mobile satellite communications company, today      
announced that they have reached a collaboration agreement.                     

Like its agreement with Ellipso Inc. announced March 14, ICO-Teledesic Global,  
through its affiliate New ICO, and CCII will work together on technical,        
financial, business and regulatory issues to build a spectrum-efficient         
satellite communications system. The agreement ultimately could lead to a       
strategic alliance and the merger of ICO-Teledesic Global and CCII assets,      
subject to shareholder and regulatory approvals.                                

"By partnering with our peers in the industry, we're working hard to preserve   
the considerable public benefits of mobile satellite services," ICO-Teledesic   
Global Chairman Craig McCaw said.                                               

Dr. C. J. Waylan, a director and spokesman for CCII, added, "The opportunity to 
collaborate with ICO-Teledesic Global to bring a viable voice and data solution 
to markets currently under-served is in the best interest of our shareholders as
well as potential customers around the world. This industry has experienced more
than its share of startup problems as companies have been trying to get to      
stable operating points to serve these important markets. By collaborating with 
ICO-Teledesic Global, we hope to achieve a marketplace solution that eliminates 
the economic deficiencies of prior systems."                                    

CCI International N.V. was established in 1998 to implement the low-Earth-orbit 
satellite system that was initially licensed in 1997 to Constellation           
Communications, Inc. Utilizing a unique, two-phase plan, CCII would initially   
serve the equatorial band around the world between the Tropic of Cancer and the 
Tropic of Capricorn where more than one-fourth of the world's population        
resides. This region is very attractive to a satellite solution because of the  
very low levels of existing telecommunications infrastructure to serve its      
numerous developing areas that are remote from established communication        
systems. A second phase of satellites following the initial equatorial phase    
would provide worldwide coverage.                                               

ICO-Teledesic Global has proposed mergers of New ICO and Teledesic with         
ICO-Teledesic Global. London-based New ICO is developing a mobile satellite     
system to offer high-quality mobile voice services and medium-speed wireless    
Internet and other packet-data services on a global basis. Bellevue, Wash.-based
Teledesic is developing a global broadband satellite communications network.    

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Dates Referenced Herein

This ‘425’ Filing		Date		Other Filings
Filed on:		3/22/01		None on these Dates
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