Globalstar (NYSE:GSAT) and Inmarsat intend to form a new partnership to cross-sell their respective products and services, increasing their global reach—this future partnership aims to provide additional service options for the growing and diverse needs of the companies’ expanding international customer bases.
Inmarsat and Globalstar are working toward a formal agreement, which will provide these companies with new and complementary capabilities. Both organizations own and operate their own satellite constellations, with Globalstar using a new LEO type that launched in 2013, and Inmarsat using geostationary (GEO) satellites that includes their Global Xpress high-speed mobile broadband constellation that entered global commercial service at the close of 2015.
Both companies will continue to operate independently of one another and the completion of this agreement will become effective in the coming weeks.
According to Jay Monroe, the Chairman and Chief Executive Office of Globalstar, this strategic partnership with Inmarsat will allow the company to enhance the product offerings and provide transformative communications services to more people worldwide.
Paul Gudonis, President of Inmarsat Enterprise, commented on the development by stating that this partnership will bring significant benefits to Globalstar’s and Inmarsat’s customers, allowing them to access a wider range of satellite products from anywhere on the globe. As a key partnership, this partnership will have an impact that is mutually beneficial to both organizations.