Globalstar shares are trading higher after the company amended its services agreement with Apple to launch an extended MSS network with new satellites and infrastructure.
Portfolio Pulse from Benzinga Newsdesk
Globalstar shares rise as the company amends its services agreement with Apple to launch an extended MSS network with new satellites and infrastructure.
November 01, 2024 | 1:40 pm
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Globalstar's stock is trading higher due to an amended agreement with Apple to expand its MSS network with new satellites and infrastructure.
The amendment of the services agreement with Apple is a significant development for Globalstar, as it involves launching an extended MSS network with new satellites and infrastructure. This expansion is likely to enhance Globalstar's service offerings and market position, positively impacting its stock price in the short term.
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