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"The collisions are going to be becoming more and more important in the coming decades," Matney said. Iridium Holdings LLC has a system of 65 active satellites that relay calls from portable phones that are about twice the size of a regular mobile phone. It has more than 300,000 subscribers. The U.S. Department of Defense is one of its largest customers. The company said the loss of the satellite was causing brief, occasional outages in its service and that it expected to have the problem fixed by Friday. Iridium also said it expected to replace the lost satellite with one of its eight in-orbit spares within 30 days. "The Iridium constellation is healthy, and this event is not the result of a failure on the part of Iridium or its technology," the company said in a statement. Initially launched by Motorola Inc. in the 1990s, Iridium plunged into bankruptcy in 1999. Private investors relaunched service in 2001. Iridium satellites are unusual because their orbit is so low and they move so fast. Most communications satellites are in much higher orbits and don't move relative to each other, which means collisions are rare. Iridium Holdings LLC, is owned by New York-based investment firm Greenhill & Co. through a subsidiary, GHL Acquisition Corp., which is listed on the American Stock Exchange. ___ On the Net: NASA: http://www.nasa.gov
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