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News Breaks
December 10, 2012
07:03 EDTGSATGlobalstar takes delivery of last batch of second-gen satellites for Feb. launch
Globalstar announced that all six satellites scheduled for launch in early February are now at the Baikonur Cosmodrome in Kazakhstan. Following the successful completion of their pre-shipment review at Thales's manufacturing facility in Rome, the final two satellites arrived at the launch complex on December 9th. Once deployed, the six satellites will restore full service to Globalstar's customers and position the company as the first mobile satellite service provider to deploy a second-generation constellation of low-earth-orbit satellites. Combined with the company's affordable and award-winning suite of consumer retail SPOT products, Globalstar will be uniquely positioned to offer the world's most extensive lineup of highly reliable and lowest priced mobile satellite services to the broadest range of customers around the globe.
News For GSAT From The Last 14 Days
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November 19, 2014
13:10 EDTGSATDISH, Globalstar climb as wireless spectrum bids reportedly jump
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07:19 EDTGSATSpectrum auction positive for DISH, Globalstar, says JPMorgan
JPMorgan notes the AWS-3 spectrum auction continued on Tuesday with the aggregate value of licenses with bids at $16.4B, up from Monday's $8.9B and compared to the reserve price of $10.6B that the FCC set for the entire auction. The firm views the rise in prices as negative for telecom carriers that are spending more than expected, namely AT&T (T) and Verizon (VZ), and possibly T-Mobile (TMUS) and US Cellular. It views the prices as positive for independent spectrum owners like DISH (DISH) and Globalstar (GSAT), as well as tower companies American Tower (AMT), SBA Communications (SBAC) and Crown Castle (CCI).
November 12, 2014
09:41 EDTGSATGlobalstar chairman Monroe III buys 175K shares
Globalstar chairman James Monroe III bought 175K shares of the company's stock at a price of $2.65 each on November 11, according to a regulatory filing.

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