- 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.
Globalstar jumps on FCC notice of proposed rulemaking
Sep 9 2013, 14:42 ET