COVINGTON, La., Nov. 3, 2013 /PRNewswire/ -- Globalstar, Inc.
(OTCQB: GSAT) announced today that the Federal Communications
Commission ("FCC") has issued a Notice of Proposed Rulemaking
("NPRM") commencing a formal proceeding to allow Globalstar to
deploy a terrestrial broadband network over 22 MHz of spectrum in
the 2.4 GHz band. As Globalstar requested, the proposed new
rules would allow the Company to provide terrestrial broadband
services over its 11.5 MHz of previously-licensed S-band spectrum
at 2483.5-2495 MHz, as well as the adjacent 10.5 MHz of unlicensed
spectrum at 2473-2483.5 MHz.
As provided in the 2010 National Broadband Plan, these
proposed rules are consistent with the FCC's policy to more
intensively use satellite spectrum to meet the nation's growing
demand for mobile broadband services while preserving
mission-critical mobile satellite capabilities. Upon final adoption
of these rules, Globalstar can maximize the utility of this
resource, adding a full 22 MHz to the nation's inventory of
available terrestrial broadband spectrum.
Further, consistent with the Company's proposed near-term and
long-term procedural structure for considering terrestrial use in
Globalstar's Big LEO spectrum, the FCC confirmed that Globalstar's
L-band proposal will be addressed separately from this
proceeding.
"The FCC's release of Globalstar's requested Notice of Proposed
Rulemaking last Friday represents a seminal development and yet
another step forward in Globalstar's renaissance," said
Jay Monroe, the Company's Chairman
and Chief Executive Officer. "We look forward to receiving
the public's comments and working towards a final order over the
next several months."
Globalstar will host a conference call Wednesday, November 6th, 2013, at 10:00am EST to discuss this recent
development. Please join us for what promises to be an
informative discussion regarding the proposed rules, next steps and
near-term outlook for permanent terrestrial relief.
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Details are as
follows:
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Conference
Call:
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10:00am EST, November
6, 2013
Investors and the
media are encouraged to listen to the call through the Investor
Relations section of the Company's website at
www.globalstar.com/investors.
If you would like to
participate in the live question and answer session following the
Company's conference call, please dial 1 (888) 424-8151 (US and
Canada), 1 (847) 585-4422 (International) and use the participant
pass code 8114 877#.
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Audio
Replay:
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A replay of the
conference call will be available for a limited time and can be
heard after 12:30 p.m. EST on November 6, 2013. Dial: 1 (888)
843-7419 (U.S. and Canada), 1 (630) 652-3042 (International) and
pass code 8114 877#.
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About Globalstar, Inc.
Globalstar is a leading provider of mobile satellite voice and
data services. Globalstar offers these services to commercial
and recreational users in more than 120 countries around the world.
The Company's products include mobile and fixed satellite
telephones, simplex and duplex satellite data modems and flexible
service packages. Many land based and maritime industries benefit
from Globalstar with increased productivity from remote areas
beyond cellular and landline service. Global customer segments
include: oil and gas, government, mining, forestry, commercial
fishing, utilities, military, transportation, heavy construction,
emergency preparedness, and business continuity as well as
individual recreational users. Globalstar data solutions are ideal
for various asset and personal tracking, data monitoring and SCADA
applications. Note that all SPOT products described in this
or any Globalstar press release are the products of Spot LLC, which
is not affiliated in any manner with Spot Image of Toulouse, France or Spot Image Corporation of
Chantilly, Virginia. SPOT Connect
is a trademark of Spot LLC.
For more information regarding Globalstar, please visit
Globalstar's website at Globalstar.com
SOURCE Globalstar, Inc.