J. Timothy Bryan Named Chief Executive Officer of ICO Global and ICO North America
KIRKLAND, Wash.--(BUSINESS WIRE)--Jan. 23, 2006--ICO Global Communications (Holdings), Limited (ICO), and ICO North America, Inc. (ICO North America), today, announced that J. Timothy Bryan has been appointed chief executive officer of both ICO and ICO North America. Bryan will begin his new role immediately.
Bryan is the former president of United Pan-Europe Communications, the largest cable operator in Europe, and was chief financial officer of United GlobalCom (now Liberty Global), a Denver-based cable television and telecommunications company. Prior to these appointments, Bryan served as treasurer and vice president of finance for Jones Intercable, and was the vice president and manager of the Communications Lending Department at NationsBank (now Bank of America).
"As ICO readies itself to commence operations, we are pleased that Tim will bring two decades of operating and financial experience to the company," said Craig McCaw, chairman of ICO. "Tim's insight and relationships in the media and communications sectors will serve ICO well -- both in the U.S. and abroad."
Bryan has served on the board of directors of ICO since 2001. He is also a director on the boards of Open TV, Inc, a Liberty Media affiliate, and Clearwire Corporation. Bryan previously served on the board of directors of Nextel Communications, Inc. and the management board of United Pan-Europe Communications.
"I look forward to continuing my long-standing relationship with ICO, and working with the company's existing talented team to capitalize on the tremendous opportunities that are in front of us," said Bryan. "ICO's unique assets will enable us to deliver a wide variety of differentiated mobility services that can satisfy the increasing demand for enhanced communications services from both the private sector and public safety organizations. Our services will provide greater flexibility as to when, where and how people communicate using content, services and applications."
The ICO North America MSS system, scheduled to be operational in July of 2007, is being built by Space Systems/Loral, Inc. ("SS/L"). SS/L and ICO North America have completed certification of all applicable FCC milestones, to date.
In August 2005, ICO's wholly owned subsidiary ICO North America raised $650 million in a private debt placement to fund its authorized geostationary 2 GHz MSS system.
ICO Global Communications (Holdings) is a satellite communications company based in Kirkland, Washington. ICO, through its subsidiaries, will offer advanced wireless voice, data, and internet services with handsets similar to existing cellular phones. The company's wholly owned subsidiary, ICO North America, will apply its technology -- redundant to terrestrial networks -- in order to uniquely address growing national security and public safety needs.