GlobalStar (GSAT) Q4 Revenues Top View

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Globalstar Announces 2018 Fourth Quarter and Annual Results

February 28, 2019 4:15 PM EST

COVINGTON, La.--(BUSINESS WIRE)-- Globalstar, Inc. (NYSE American: GSAT) today announced financial and operating results for the fourth quarter and year ended December31, 2018.

Dave Kagan, Chief Executive Officer of Globalstar, commented, In December, we completed pivotal events positioning us well to realize the value of our assets. First, we announced that the Third Generation Partnership Project (3GPP) approved Globalstars S-band spectrum at 2483.5-2495 MHz for terrestrial use. The 3GPP standardization approval represents the culmination of intensive standards work driven by our technical team and the wireless industrys support leading to Globalstars... More