Ico Teledesic Global Ltd, et al. – ‘425’ on 10/10/00 re: Teledesic Corp

On:  Tuesday, 10/10/00, at 3:24pm ET   ·   Accession #:  891020-0-1785   ·   File #:  132-01858

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Business-Combination Transaction Communication   —   Rule 425
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 1: 425         Rule 425 Filing                                        2±    10K 

425
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                                          Filed by ICO-Teledesic Global Limited.
                           Pursuant to Rule 425 under the Securities Act of 1933
                                                   Commission File No: 333-46230
             Subject Companies: New ICO Global Communications (Holdings) Limited
                                                           Teledesic Corporation
   -----------
The following press release was issued by ICO-Teledesic Global Limited
on October 6, 2000. 

Media Contacts:                                                                 
Teledesic                                                                       
---------                                                                       

Roger Nyhus, +1.425.602.6500; roger@teledesic.com             
David Bowermaster, +1.425.602.6500; davidb@teledesic.com      
Corporate Office: +1.425.602.0000; info@teledesic.com;        
www.teledesic.com         

Motorola                                                                        
--------                                                                        

Kathi Haas +1.480.456.2517, kathi.haas@motorola.com           

TELEDESIC AND MOTOROLA AGREE TO END SYSTEM AGREEMENT AS TELEDESIC 
PREPARES TO MERGE WITH ICO-TELEDESIC GLOBAL 

BELLEVUE, Wash. - Oct. 6, 2000 - Teledesic LLC and Motorola, Inc. (MOT:NYSE)    
have agreed to end their Teledesic system agreement in the wake of Teledesic's  
plans to merge with ICO-Teledesic Global Limited, Teledesic announced today.    

The mutual decision by Teledesic and Motorola to end the system agreement that  
called for Motorola to serve as prime contractor of the Teledesic system gives  
Teledesic the flexibility to pursue alternative approaches for building its     
global, broadband satellite communications network.                             

The McCaw organizations and Motorola will maintain a close relationship, and    
Motorola remains an investor in Teledesic.                                      

Telecommunications pioneer Craig McCaw and Microsoft founder Bill Gates are     
Teledesic's two primary founding investors. Strategic investors also include    
Motorola, Saudi Prince Alwaleed Bin Talal, The Boeing Company and The Abu Dhabi 
Investment Company. Teledesic is the first licensed satellite communications    
network that will enable affordable, worldwide access to advanced               
telecommunications services such as computer networking, broadband Internet     
access and interactive multimedia. Teledesic will deliver broadband data and    
value-added services over a global network optimized for the Internet Protocol. 
Teledesic (pronounced "tel-eh-DEH-sic") is based in Bellevue, a suburb of       
Seattle, Washington, with offices in Brussels, Belgium; London, United Kingdom; 
Madrid, Spain; Munich, Germany; Ottawa, Canada; Riyadh, Saudi Arabia; and       
Washington, D.C.                                                                

     # # #

Editors' Note: Teledesic and Internet-in-the-Sky are registered service marks   
of Teledesic LLC.                                                               
  ----------
We urge you to read the Prospectus filed by ICO-Teledesic Global Limited and    
New ICO Global Communications Holdings with the Securities Exchange Commission  
as part of a Registration Statement on Form S-4 on September 20, 2000, because  
it contains important information. The Prospectus will be sent to stockholders  
of ICO-Teledesic Global Limited, New ICO Global Communications (Limited) and    
Teledesic Corporation in connection with the solicitation of their approval of  
the proposed mergers of ICO-Teledesic Global Limited with New ICO Global        
Communications (Holdings) Limited and Teledesic Corporation with a subsidiary   
of New ICO.                                                                     

You may obtain a free copy of the Registration Statement on Form S-4 (File No.  
333-46230) and other documents filed by the companies with the Commission at    
the Commission's web site at www.sec.gov. The Registration Statement may also   
be obtained from the Commission's public reference room located at 450 Fifth    
Street, NW, Washington, D.C. 20549 or at one of the Commission's other public   
reference rooms in New York, New York and Chicago, Illinois. Please call the    
SEC at 1-800-SEC-0330 for further information on the public reference rooms.    
The Registration Statement may also be obtained from ICO-Teledesic Global       
Limited by contacting ICO-Teledesic Global Limited, 2300 Carillon Point,        
Kirkland, WA  98033, Attention: Barbara Worlein.                                

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘425’ Filing		Date		Other Filings
Filed on:		10/10/00
		10/6/00
		9/20/00		S-4
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