SCHEDULE 13G/A

Under the Securities Exchange Act of 1934*
Amendment No. 2

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box below to designate the rule pursuant to which this Schedule is filed:

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for purposes of Section  18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(1)     See Item 4(c) below.

(2)     Based on 154,747,300 shares of Class A common stock outstanding as of November 2, 2009.

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(1)     See Item 4(c) below.

(2)     Based on 154,747,300 shares of Class A common stock outstanding as of November 2, 2009.

3

(1)     See Item 4(c) below.

(2)     Based on 154,747,300 shares of Class A common stock outstanding as of November 2, 2009.

4

(1)     See Item 4(c) below.

(2)     Based on 154,747,300 shares of Class A common stock outstanding as of November 2, 2009.

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Item 1.

Item 1(a) Name of issuer:  ICO Global Communications (Holdings) Limited

Item 2.

Item 2(a) Name of Person Filing:

CDR-SATCO, L.L.C., Clayton Dubilier & Rice Fund VI Limited Partnership, CD&R Associates VI Limited Partnership, and CD&R Investment Associates VI, Inc. have entered into a Joint Filing Agreement, dated February 8, 2010. a copy of which is filed with this Schedule 13G/A as Exhibit 1, pursuant to which such reporting persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934.

Item 2(b) Address or Principal Business Office or, if none, Residence:  See Item 2(a) above.

Item 2(c) Citizenship:  See Item 2(a) above.

Item 2(d) Title of class of securities:  Class A Common Stock, par value $0.01 per share

Item 2(e) CUSIP Number:  44930K108

Item 3.  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

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N/A

Item 4.  Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)          Amount beneficially owned:  See below.

(b)         Percent of class:  See below.

(c)          Number of shares as to which the person has:

(i)                                     Sole power to vote or to direct the vote:  See below.

(ii)                                  Shared power to vote or to direct the vote:  See below.

(iii)                               Sole power to dispose or to direct the disposition of:  See below.

(iv)                              Shared power to dispose or to direct the disposition of:  See below.

As of the date of this report, each of the Reporting Persons beneficially owned the number and percentage of issued and outstanding shares of common stock of ICO Global Communications (Holdings) Limited listed opposite its name, which shares such entities have held since July 26, 2000:

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(a)               Does not include 195,000 options to purchase shares of Class A common stock exercisable as of December 31, 2009, issued to Clayton, Dubilier & Rice, Inc. as assignee of compensation to David H. Wasserman, an officer of CDR-SATCO, L.L.C. who serves as a director of ICO Global Communications (Holdings) Limited and is an employee of Clayton, Dubilier & Rice, LLC.  By letter agreement dated as of January 10, 2010 among ICO Global Communications, Inc., Clayton, Dubilier & Rice, Inc. and Clayton, Dubilier & Rice, LLC, the parties agreed to the transfer to Clayton, Dubilier & Rice, LLC, of all options to purchase Class A common stock that had been issued to Clayton, Dubilier & Rice, Inc. Each of CDR-SATCO, L.L.C., Clayton Dubilier & Rice Fund VI Limited Partnership, CD&R Associates VI Limited Partnership and CD&R Investment Associates VI, Inc. expressly disclaims beneficial ownership of the stock options held by Clayton, Dubilier & Rice, LLC, as transferee of Clayton, Dubilier & Rice, Inc.

(b)              Based on 154,747,300 shares of Class A common stock outstanding as of November 2, 2009.

(c)               CDR-SATCO, L.L.C. is a limited liability company whose sole member is Clayton Dubilier & Rice Fund VI Limited Partnership.

(d)              Clayton Dubilier & Rice Fund VI Limited Partnership is a partnership of which CD&R Associates VI Limited Partnership is the general partner, which is a wholly-owned subsidiary of CD&R Investment Associates VI, Inc.  Each of CD&R Associates VI Limited Partnership and CD&R Investment Associates VI, Inc. expressly disclaims beneficial ownership of the shares held by Clayton, Dubilier & Rice Fund VI Limited Partnership, as well as of the shares held by CDR-SATCO, L.L.C.

(e)               CD&R Investment Associates VI, Inc. is managed by a board of directors comprised of over fifteen individuals, and all board action relating to the voting or disposition of these shares requires approval of a majority of the board.  As a result, no member of the board of CD&R Investment Associates VI, Inc. controls the voting or disposition of CD&R Investment Associates VI, Inc. with respect to the shares shown as beneficially owned by CDR-SATCO, L.L.C.

Item 5.  Ownership of Five Percent or Less of a Class.

N/A

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

See Item 4 above.

Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

N/A

Item 8.  Identification and Classification of Members of the Group.

See Item 4 above.

Item 9.  Notice of Dissolution of Group.

N/A

Item 10.  Certification.

N/A

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SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true and correct.

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Exhibit 1

AGREEMENT REGARDING THE JOINT FILING OF AMENDMENT NO. 2 TO SCHEDULE 13G

The undersigned hereby agree as follows:

(i)                                    Each of them is individually eligible to use the Schedule 13G/A to which this Exhibit is attached, and such Schedule 13G/A is filed on behalf of each of them; and

(ii)                                 Each of them is responsible for the timely filing of such schedule 13G/A and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.