Globalstar
Globalstar refinancing ends liquidity crisis
Globalstar executives on Dec. 2 said the recent refinancing of its $342 million debt and new loans secured with help from EchoStar ensures sufficient cash flow through 2025.
Globalstar borrows $199M with EchoStar’s help • Measat buys Ariane 5 launch
Globalstar is borrowing $199 million through a loan arranged by its controlling shareholder Thermo and fleet operator EchoStar.
Isotropic, Avanti test antenna • Atlas Space to link Aevum launches • Globalstar, Nokia partner on African connectivity
Isotropic Systems has completed two-way communications tests of its electronically steered antenna using Avanti’s Hylas-4 satellite.
Telstra-NBN combo ruled out • Aireon launches free emergency service • Globalstar buys IP from supplier
Australia’s competition watchdog agency ruled out the idea of Telstra buying the National Broadband Network.
Jay Monroe drops Globalstar CEO position to focus on spectrum
Jay Monroe, CEO of low-Earth-orbit-satellite operator Globalstar for the past 13 years, is leaving his position, but not the company, following a failed merger with another company he controls.
FIRST UP Satcom | Globalstar scraps FiberLight merger • Intelsat finds new Ariane 5 co-passenger
FIRST UP Satcom is a weekly SpaceNews newsletter for satellite and telecom professionals.
Op-ed | Networking the space-terrestrial frontier
The planned deployment of thousands of LEO satellites by OneWeb and SpaceX’s Starlink are proof that the crusade for high throughput, low latency and wide coverage has only started.
KT Sat eyes North Korean business • Outdoor Wi-Fi interfering with Globalstar constellation • Viasat buys British defense company
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Globalstar merging with FiberLight for $1.65 billion
Thermo Capital, owner of Globalstar, is merging the satellite operator with a landline company it owns in a $1.65 billion deal intended to help pay off Globalstar’s debts.
Bullish Globalstar investor offers $150 million loan to offset operator’s financial troubles
An investor in Globalstar is ready to put $150 million into the low-Earth-orbit satellite operator in the company’s stock should be trading at five times current prices.
Globalstar plays up spectrum strategy as debt deadline looms
Low-Earth-orbit satellite fleet operator Globalstar is meeting with telecom regulators around the world in an effort to globally authorize some of its satellite spectrum for mobile broadband services.
Globalstar to make stock offer for $125 million
Mobile satellite services provider Globalstar announced after Wednesday’s closing bell a proposed public offering of $125 million in shares of voting common stock.
Boeing warns aviation safety program could interfere with Globalstar satellites
An aeronautical communications service meant to improve aircraft safety while on the ground at airports could cause unacceptable interference to Globalstar’s satellite system, according to Boeing.
Satcom company Globalstar is considering selling
Potential buyers will likely be interested in the company's spectrum after Globalstar won approval to use it for mobile broadband service.
Globalstar embraces LTE in revamped terrestrial communications plan
After giving up a contested effort to pair licensed and unlicensed spectrum for a new wireless service, mobile satellite services provider Globalstar has revamped its terrestrial communications plan to create an LTE service instead, company officials told investors Jan. 6.
Microsoft frags Globalstar’s TLPS Wi-Fi plan over Xbox interference claim
Mobile satellite-service provider Globalstar is still trying to convince the U.S. Federal Communications Commission to let it convert a portion of its satellite spectrum into a terrestrial Wi-Fi network. However, the proposal was dealt another setback when Microsoft complained to the FCC last month that Globalstar’s so-called Terrestrial Lower Power Solution could create interference problems for the Xbox 360S gaming console.
