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GSAT Globalstar Inc

1.30
0.00 (0.00%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Globalstar Inc AMEX:GSAT AMEX Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.30 1.3203 1.28 1.32 1,724,441 01:00:00

FCC Circulates Globalstar Notice of Proposed Rulemaking

09/09/2013 6:13pm

GlobeNewswire Inc.


Globalstar (AMEX:GSAT)
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Globalstar, Inc. (OTCBB:GSAT) announced today that the Federal Communications Commission (FCC) placed Globalstar's requested notice of proposed rulemaking on circulation for consideration by the full Commission: http://transition.fcc.gov/fcc-bin/circ_items.cgi.

"We are very pleased that the FCC is moving forward with Globalstar's requested rulemaking," said L. Barbee Ponder, Globalstar's General Counsel and Vice President Regulatory Affairs. "With hundreds of millions of Wi-Fi devices now being sold annually, only Globalstar's proposed Terrestrial Low Power Service (TLPS) can provide an immediate solution to help alleviate existing Wi-Fi congestion. We look forward to expeditious action and new Commission rules permitting Globalstar to offer truly innovative terrestrial mobile broadband services including TLPS over its licensed spectrum."

About Globalstar, Inc.

Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. Note that all SPOT products described in this or any Globalstar press release are the products of Spot LLC, which is not affiliated in any manner with Spot Image of Toulouse, France or Spot Image Corporation of Chantilly, Virginia. SPOT Connect is a trademark of Spot LLC.

For more information regarding Globalstar, please visit Globalstar's web site at Globalstar.com

CONTACT: L. Barbee Ponder
         General Counsel & Vice President Regulatory Affairs
         Phone: (985) 335-1503
         Email: Barbee.Ponder@Globalstar.com

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