Globalstar, Inc. koers

Last price update: 22 Mar 23 22:00 GMT
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Company profile for Globalstar, Inc.

Globalstar, Inc. logo

Globalstar, Inc. is a leading provider of mobile satellite services worldwide, offering duplex two-way voice and data products for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications. Globalstar’s products include mobile voice and data satellite communications services and equipment, fixed voice and data satellite communications services and equipment, data modem services and equipment, and SPOT consumer retail products. Globalstar’s SPOT product line includes the SPOT satellite GPS messenger for personal tracking and messaging solutions and the SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. Globalstar also sells wholesale minutes to independent gateway operators (IGOs) and provides engineering services such as hardware and software design to develop specific applications and installation of gateways and antennas.

As of December 31st, 2020, Globalstar had approximately 745,000 subscribers and primarily serves recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, and forestry markets. Globalstar has a strategic alliance with XCOM labs and has a territorial right to provide 5G services to the United States and other countries. The company was founded in 1993 and is headquartered in Covington, Louisiana. The company offers its products directly, as well as through independent agents, dealers, resellers, retailers, IGOs, and sales force and e-commerce websites.

Currently, Globalstar is expanding its services through the ground based component of its terrestrial low power service (TLPS). TLPS is a low power, low latency terrestrial service that combines the strengths of mobile satellite services with those of a terrestrial network, allowing for coverage in remote areas or heavily congested urban environments. Globalstar also has plans to roll out a next-generation network called Globalstar G-Net, which will offer an average data rate of 1.8 Mbps and peak data rate of 5.7 Mbps, providing significant improvements over the current Globalstar network. Additionally, the company is investing heavily in research and development to bring advanced satellite technologies to consumers. Globalstar has received several patents related to satellite technology and has set its sights on setting the standard for communications in the future.

The company is also focusing its efforts on expanding its reach to underserved communities and providing them with reliable, secure and high-speed internet. Globalstar has invested in a number of initiatives to bring satellite internet access to rural and remote locations around the world. Through its Global Outreach program, the company has been able to connect more than 10,000 people in rural communities to its satellite services. This initiative has helped bridge the digital divide by providing access to the same internet services that are available in urban areas. These efforts have allowed Globalstar to grow into an international leader in the satellite industry, providing reliable and secure communications to more than two billion people around the world.

Stock exchanges:
American Stock Exchange
Communication Services
Telecom Services
985 335 1500
United States