Seeking Alpha

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.
Comments (2)
  • Aaron.Rhodes
    , contributor
    Comments (224) | 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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