WASHINGTON 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.
Jay Monroe, Globalstars chairman and CEO, said Feb. 22 that the company has met with regulators in more than 30 countries to gain approval for terrestrial communications using S-band that, if approved, would cover around 1.1 billion people.
Successful monetization of some 16.5 MHz of S-band spectrum could help Globalstar meet upcoming debt payments that current revenues are insufficient to fulfill, Globalstar Chief Financial Officer Rebecca Clary said during a conference call with investors.
Globalstar generated $112.7 …
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