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COVINGTON, La., Dec. 23, 2016 -- Globalstar, Inc. (NYSE MKT:GSAT) is very pleased to announce that the Federal Communications Commission adopted a Report and Order based on Globalstar's Revised Proposal for terrestrial authority over the Company’s 11.5 MHz of licensed 2.4 GHz spectrum.
Globalstar expects the Commission to release the order today. These newly adopted rules will make more broadband spectrum available to, and improve wireless broadband service for, consumers in the United States.
Jay Monroe, Chairman and CEO of Globalstar, commented, “We thank the Commissioners, their staff and the staff of the Bureaus and Offices who worked tirelessly to bring this proceeding to a successful conclusion. We look forward to a busy 2017 as we plan to put our terrestrial authority to use for American consumers and pursue similar authority internationally.”
About Globalstar, Inc.
Globalstar is a leading provider of mobile satellite voice and data services, leveraging the world’s newest mobile satellite communications network. Customers around the world in industries like government, emergency management, marine, logging, oil & gas and outdoor recreation rely on Globalstar to conduct business smarter and faster, maintain peace of mind and access emergency personnel. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. The Company's products include mobile and fixed satellite telephones, the innovative Sat-Fi satellite hotspot, Simplex and Duplex satellite data modems, tracking devices and flexible service packages. For more information, visit www.globalstar.com.
Note that all SPOT products described in this 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. For more information, visit www.globalstar.com.
Investor Contact Information:
Email: [email protected]
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Safe Harbor Language for Globalstar Press Releases
This press release contains certain statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Forward-looking statements, such as the statements regarding our expectations with respect to actions by the FCC contained in this press release regarding matters that are not historical facts, involve predictions. Any forward-looking statements made in this press release are believed to be accurate as of the date made and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and we undertake no obligation to update any such statements. Additional information on factors that could influence our financial results is included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
