There was a growing realization among the member states that the organization's business assets needed to be privatized, mainly because of the competitive nature of the satellite communication industry and the unwillingness of many member states to invest money into INMARSAT to improve its network. There were also many which believed in the importance of maintaining the organization's role in overseeing maritime satellite communication. The issue was resolved in a session in April 1998, which resulted in the Convention on the International Mobile Satellite Organization, in which the operational assets would be split and privatized while the agency would continue as a regulatory organization.[6]