Globalstar, Inc. (NYSE American: GSAT) (“Globalstar”), the next-generation mobile satellite and communications services provider, today announced that Mexico’s Instituto Federal de Telecomunicaciones (“IFT”) has notified Globalstar’s subsidiary in Mexico, Mobile Satellite Services Mexico S. De R.L. DE C.V., that it is the winning bidder in the public Auction #13 (Licitación No. IFT-13) regarding the Complementary Terrestrial Service of the Mobile Satellite Service in the frequencies 2483.5 to 2495 MHz in Mexico.
After paying the bid amount to complete the regulatory process, Globalstar will receive the 10-year terrestrial authorization from the IFT.
Globalstar appreciates the time and effort that the dedicated members of the IFT devoted to ensuring the successful completion of this auction process.
About Globalstar
Globalstar empowers its customers to connect, transmit, and communicate in smarter ways – easily, quickly, securely, and affordably – offering reliable satellite and terrestrial connectivity services as an international telecom infrastructure provider. The Company’s LEO satellite constellation ensures secure data transmission for connecting and protecting assets, transmitting critical operational data, and saving lives for consumers, businesses, and government agencies across the globe. Globalstar’s terrestrial spectrum, Band 53, and its 5G variant, n53, offer carriers, cable companies, and system integrators a versatile, fully licensed channel for private networks with a growing ecosystem to improve customer wireless connectivity, while Globalstar’s XCOM RAN product offers significant capacity gains in dense wireless deployments. In addition to SPOT GPS messengers, Globalstar offers next-generation IoT hardware and software products for efficiently tracking and monitoring assets, processing smart data at the edge, and managing analytics with cloud-based telematics solutions to drive safety, productivity, and profitability. For more information, visit www.globalstar.com and connect with us on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241114125557/en/