Satnews Daily
December 23rd, 2016

Globalstar Delighted With The FCC

The Federal Communications Commission has adopted a Report and Order based on Globalstar's (NYSE MKT:GSAT) Revised Proposal for terrestrial authority over the firm's 11.5 MHz of licensed 2.4 GHz spectrum.

The FCC is expected to release this order today and 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.”