Saudi Prince Invests $200Mn In Teledesic
Saudi Prince al-Walid ibn Talal announced on 14 April that he had invested $200mn inTeledesic, the US satellite company. The deal was signed in Los Angeles with TeledesicChairman Craig McCaw. Teledesic is a $9bn satellite network which was founded by Mr. McCawand Bill Gates. The project aims to provide fast access to telecommunications servicessuch as internet links, video-conferencing and high bandwidth...