The company needs FCC approval to change how it uses satellite airwaves, and Gallant expects that to come now in a matter of months.
Globalstar expects the adoption of TLPS to increase U.S. Wi-Fi capacity by a third as well as improve wireless service.
NCTA, the cable operator lobbyist, says Globalstar still needs to establish that TLPS won't mess with its member companies' Wi-Fi: "We find it hard to believe the FCC would draw any conclusions from a non-scientific demo rather than real testing."
For its part, noted GSAT short-seller Kerrisdale Capital -- who posted a thesis in the fall saying the company's value was "zero" -- looks past the demo, saying "Interference isn't the issue for TLPS as a biz. The issue is that a paid/exclusive/licensable Wi-Fi channel isn't commercially viable."
Globalstar today: +7.1% to $3.15, its highest point since Sept. 30.
Previously: Globalstar +7.1% after noting successful FCC demo (Mar. 11 2015)
Previously: Globalstar builds on gains; still Kerrisdale's biggest short (Feb. 18 2015)
Previously: Globalstar -10.3% after Kerrisdale releases short report (Oct. 06 2014)
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