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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Iridium Prices $100 Million Private Offering Of 7% Series A Cumulative Perpetual Convertible Preferred Stock

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Preferred Stock or the shares of common stock into which the Preferred Stock is convertible, nor shall there be any sale of the Preferred Stock or such common stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The Preferred Stock and the common stock issuable upon conversion have not been registered under the Securities Act or any applicable state securities laws and may not be offered or sold in the United States, absent registration or an applicable exemption from such registration requirements.

About Iridium Communications Inc.

Iridium is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ever-expanding ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. The company has a major development program underway for its next-generation network – Iridium NEXT. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the NASDAQ Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services and partner solutions, visit www.iridium.com .

The Iridium Communications Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10426

CONTACT: Investor Contact:
         
         Steve Kunszabo
         Iridium Communications Inc.
         +1 (703) 287-7570
         steve.kunszabo@iridium.com
         
         Press Contact:
         
         Ashley Eames
         Iridium Communications Inc.
         +1 (703) 287-7476
         ashley.eames@iridium.com

Iridium Communications Inc. logo

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