Globalstar Nearing Approval for Mobile Service, Analyst Says
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Globalstar Inc. surmounted the last hurdle to U.S. approval of its plan to carry mobile signals on satellite airwaves, with tests showing no interference with other wireless traffic, a Guggenheim Securities analyst said.
Globalstar’s tests on March 6 and 9 showed its planned service helped Wi-Fi traffic move faster, and the results are “a positive development,” Paul Gallant, a Washington-based analyst with Guggenheim, said in a note Wednesday.