Globalstar (NASDAQ:GSAT) is +500% YTD. The FCC is circulating the GSAT Notice of Proposed Rulemaking. We expect FCC approval. If approved by the FCC, this spectrum could be used for long term evolution (LTE) services. Utilized for Wi-Fi, GSAT spectrum could be worth around $3 per share. The market for spectrum is consolidating and it is reasonable to expect GSAT to participate in such consolidation.
Want to learn more? This presentation should answer many of the key questions. What is next for GSAT? One reasonable possibility would be for T-Mobile (NASDAQ:TMUS) to acquire GSAT for around $2.25 per share in cash.