Hints and tips:
...Lossmaking Globalstar’s revenues were just $124mn last year. Luckily, Apple’s free cash flow was $93bn, up a quarter on the previous year....
...Globalstar said there had never been a hack of its systems “in a material way” and it would continue to work on security....
...During the late 90s, companies such as Teledesic, Iridium and GlobalStar had big plans for low-earth orbiting satellites (which are cheaper than the traditional geostationary ones)....
...While uprisings around the Arab world have boosted Thuraya’s sales, the company’s bigger ambition – in the face of competition from rivals such as Iridium, Inmarsat and Globalstar – is to grow in lucrative...
...Another US rival, Globalstar, has also recently secured finance for a new satellite constellation, also with the backing of Coface....
...Iridium’s existing satellites are not getting any younger – they need to be replaced in the next four years or so – and other competitors such as Inmarsat, Orbcomm and Globalstar are planning rival services...
...Globalstar, another US-based mobile satellite company, has recently secured funding to upgrade its satellite constellation....
...Last year, the FCC awarded a second ATC licence to Globalstar, which plans to use terrestrial ATC base stations and repeaters to complement its existing satellite service and provide better wireless service...
...Shares in Globalstar fell by 28.18 per cent to $10.40 after the satellite phone operator said technical problems may disrupt its service....
...In the UK, for example, Vodafone has a roaming agreement with Globalstar, and Vodafone, Orange, T-Mobile and 02 with Thuraya....
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