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Reasons for Iridium’s downfall
Iridium’s business venture failure was an accumulation of its poor interaction of
• Financial Structure
• Technology Architecture
• Business Model
• Forecasting
Financing Woes:
The initial estimated cost of building the Iridium network was $3. ... Also the cost of their intensive marketing campaigns attributed to the immense cash burn and debt responsibilities which resulted in Iridium’s bankruptcy in 1999.
Technical Complications:
In order for Iridium to launch this new technology of satellite communication, an array of 77 satellites had to be in orbit. ... The limitation in the handset’s functionality was that it had to be in line of sight of one of the system’s 66 satellites to be utilized and without a special over-sized antenna to boost signal strength, Iridium phones were not of practical use in dense urban locations such as indoors of buildings.
Approximate Word count = 464
Approximate Pages = 1.9
(250 words per page double spaced)
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