ICO Global Communications Issues Statement Regarding UK Judicial Review Decision


Bellevue, Wa. and Reston, Va., (Business Wire) July 30, 2010- ICO Global Communications (Holdings) Limited (NASDAQ: ICOG) (“ICO” or the “Company”) announced today that it received an unfavorable ruling in the judicial review proceedings that it initiated against Ofcom, the British telecommunications regulatory authority. The Company initiated the judicial review proceeding in 2009 after Ofcom announced its intent to request that the International Telecommunications Union (ITU) remove ICO’s global medium earth orbit (MEO) satellite system from the Master International Frequency Register (MIFR). Today’s unfavorable ruling, if not reconsidered by the judge who issued ruling permits Ofcom to move forward with the request. Ofcom’s request is not binding on the ITU, but could increase the likelihood that the ITU will initiate proceedings to cancel ICO’s MIFR assignments.

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