Globalstar Secures 15-Year FCC License Extension To Operate Up To 26 Replacement Satellites
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Globalstar has secured a 15-year license extension from the FCC to operate up to 26 replacement satellites, ensuring continued exclusive operations in the Big LEO band.
August 19, 2024 | 1:28 pm
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Globalstar has received a 15-year license extension from the FCC to operate up to 26 replacement satellites, which ensures its continued exclusive operations in the Big LEO band.
The FCC license extension is crucial for Globalstar as it allows the company to continue its operations in the Big LEO band, which is essential for its satellite communications services. This regulatory approval is a positive development, likely to boost investor confidence and support the stock price in the short term.
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