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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 | |
---|---|---|---|---|---|---|---|---|
0.11 | 5.85% | 1.99 | 2.01 | 1.83 | 1.86 | 13,941,449 | 00:59:33 |
Renewed authorization includes continued authority to operate ancillary terrestrial networks
Globalstar, Inc. (NYSE American: GSAT) (“Globalstar”), the next-generation mobile satellite and communications services provider, today announced that the United States Federal Communications Commission (“FCC” or “the Commission”) has issued a radio station authorization to GUSA Licensee LLC granting it a 15-year renewal of its authority to operate numerous categories of mobile earth terminals with its U.S. and French-licensed NGSO satellites throughout the United States and its territories.
The Commission’s reauthorization includes Globalstar’s ability to continue to expand its ancillary terrestrial network footprint as well as support the hundreds of millions of users who rely upon Globalstar for critical direct-to-device connectivity.
“We appreciate the ongoing confidence the FCC is placing in Globalstar with the completion of the licensing renewal for our existing mobile satellite system,” said Dr. Paul E. Jacobs, CEO of Globalstar. “Having now received both this 15-year renewal of our authority to operate all of our mobile earth terminals including ancillary terrestrial networks as well as the renewal of Globalstar’s HIBLEO-4 system received in August, the reauthorization of our current mobile satellite system is complete. In the future, we will focus on our mobile satellite system’s expansion and evolution through the substantial additional investments recently announced.”
Globalstar appreciates the time and effort of the dedicated members of the FCC on this reauthorization.
To learn more about Globalstar, visit: https://www.globalstar.com/
About Globalstar
Globalstar empowers its customers to connect, transmit, and communicate in smarter ways – easily, quickly, securely, and affordably – offering reliable satellite and terrestrial connectivity services as an international telecom infrastructure provider. The Company’s LEO satellite constellation ensures secure data transmission for connecting and protecting assets, transmitting critical operational data, and saving lives for consumers, businesses, and government agencies across the globe. Globalstar’s terrestrial spectrum, Band 53, and its 5G variant, n53, offer carriers, cable companies, and system integrators a versatile, fully licensed channel for private networks with a growing ecosystem to improve customer wireless connectivity, while Globalstar’s XCOM RAN product offers significant capacity gains in dense wireless deployments. In addition to SPOT GPS messengers, Globalstar offers next-generation IoT hardware and software products for efficiently tracking and monitoring assets, processing smart data at the edge, and managing analytics with cloud-based telematics solutions to drive safety, productivity, and profitability. For more information, visit www.globalstar.com and connect with us on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241203602224/en/
Media Contact: Alisa Moloney alisa.moloney@globalstar.com
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