Globalstar Up 10% on Apple Agreement
September 07 2022 - 3:38PM
Dow Jones News
By Josh Beckerman
Globalstar Inc. shares were recently up 10% to $2.30 as the
company said it will be the satellite operator for certain Apple
Inc. satellite-enabled services.
Prior to a trading halt, the stock was down 16% to $1.76.
In a securities filing, Globalstar discussed "transformational"
transactions and said the agreement with Apple "materially enhances
the device ecosystem for Band 53/n53."
Globalstar "expects that this will accelerate terrestrial
deployments and monetization of the band."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
September 07, 2022 15:23 ET (19:23 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Apple (NASDAQ:AAPL)
Historical Stock Chart
From Apr 2024 to May 2024
Apple (NASDAQ:AAPL)
Historical Stock Chart
From May 2023 to May 2024