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Reston-based ICO secures $40M facility

March 27th, 2008

RESTON, VA–Global Communications (Holdings) Limited (NASDAQ:ICOG) subsidiary, ICO North America Inc. has entered into definitive credit documentation for a $40 million working capital facility with Jefferies Finance.

ICO is a satellite communications company developing an advanced next-generation hybrid system, combining both satellite and terrestrial communications capabilities. ICO is also deploying a mobile interactive media service.

 

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