Globalstar jumps on FCC notice of proposed rulemaking

Shares of Globalstar (GSAT.OB +23.3%) jump after the FCC places the company's proposal to allow it to use its MSS spectrum for mobile broadband on the commission's list of pending items.

The satellite company aims to partner with carriers to launch LTE service on its spectrum.

Globalstar is attempting to avoid the pitfalls of a similar, failed proposal by LightSquared due to the FCC's concerns that its proposed network would interfere with GPS services.

The much larger Dish Network (DISH) has satellite-based LTE plans of its own. It recently launched a test program in rural Virginia.

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Comments (2)
  • Aaron.Rhodes
    , contributor
    Comments (358) | Send Message
    Any idea how long the ruling will take? I wasnt able to purchase this morning :( Unlucky me. Will add tomorrow.
    9 Sep 2013, 02:48 PM Reply Like
  • steelo27
    , contributor
    Comments (2) | Send Message
    Mark, your the man in my book. Thanks for the great picks. Im hand over fisting it with HIMX. I played PXLW wrong and got out too soon, but still took home some profit. Then I bought into GSAT just on the simple fact that your other picks have done well for me, and THEN I did my DD lol. Your articles here or on SA are always well written and cover all the facts, rumors, and speculation. My hat is off to you good sir.
    9 Sep 2013, 04:49 PM Reply Like
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