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Stock impact report

FCC Reauthorizes Globalstar's HIBLEO-4 Constellation [Yahoo! Finance]

Globalstar, Inc. (GSAT) 
Last globalstar, inc. earnings: 2/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: globalstar.com/investors
Company Research Source: Yahoo! Finance
COVINGTON, La., August 19, 2024 BUSINESS WIRE )--Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, today announced that the United States Federal Communications Commission ("FCC" or "the Commission") has issued an order granting Globalstar's application to extend the term of its senior HIBLEO-4 authorization by an additional 15 years and operate up to 26 replacement satellites. The Commission's reauthorization enables Globalstar, with over two decades of providing mobile satellite services globally, to continue to invest in, operate, and innovate satellite and communications solutions. Significantly, the Commission has reaffirmed its prior decisions regarding Globalstar's exclusive operations in its licensed portion of the Big LEO Band. The Commission stated in its order, "This modification grant will enable Globalstar to continue to provide a variety of essential voice and data communications services to consumers, Show less Read more
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