Solus CEO: Globalstar undervalued on spectrum interest

|By:, SA News Editor

Globalstar (GSAT +2.8%) is getting good vibes from Solus CEO Chris Pucillo, who says the stock should be worth "quite a bit more."

Speaking to Bloomberg TV at the SALT conference, Pucillo acknowledges that realizing that value is "a timing issue" and might take a while.

But in the wake of Verizon's last-minute topping bid for Straight Path (NYSEMKT:STRP) and its millimeter wave spectrum, Globalstar's spectrum could be "very interesting" to Google, Facebook and even, he says. And Verizon is still playing catch-up in the area.

Weighing in on an at-risk SoftBank (SFTBY -0.4%) deal to merge its OneWeb with Intelsat (I +6.6%): There's a big deal risk, but if SoftBank will pay a bit more, "they'll get it."