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Stock Market & Financial Investment News

News Breaks
December 21, 2012
16:27 EDTGSATWazee Street reports 7% passive stake in Globalstar
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).

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