Iridium is likely the most , or rather notorious, of the satellite systems offered. They very publicly went bankrupt in 1999; 1 year after the service was announced. However, Motorola Inc. stepped in and worked out their loans. Iridium was re-launched in 2001 and has been operating since then.
Iridium's mission was to develop a satellite service that would provide truly worldwide reception, a service that Inmarsat and Globalstar have not yet realized. To acquire this the Iridium network uses 66 satellites, 450 miles high, and orbiting the globe on 6 different planes. Traveling at 16,832 miles for every hour, each satellite is capable to circle the globe every 100 minutes.
This feature assures that an Iridium handset will be able to send and receive calls from any location on the globe (the only exceptions to this places who have declined to support the service for political purposes). So long as the phone has a clear line of site to the sky it will surely maintain communication with at least two satellites at any one time.
The main complaint that has been leveled at Iridium is the fact that they are restricted in their data and fax aspects. The service is available but not to the specifications that Inmarsat and Globalstar can provide.
Furthermore, as discussed briefly in regards to Inmarsat's service, Iridium run a higher risk of losing a signal once it was sent. This happens because they lean on the passing of signals via a number of satellites before heading to their final locations.
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