Thailand Authorizes Globalstar Mobile Satellite and Ground Station Operations

Rhea-AI Summary

Globalstar, Inc. (NYSE American: GSAT) has received authorization from the Kingdom of Thailand's National Broadcasting and Telecommunications Commission (NBTC) to provide mobile satellite services across Thailand. This includes the operation of a new ground station located at Thaicom’s Teleport Center in Patumthani province, just north of Bangkok. Globalstar is the first and only Low Earth Orbit (LEO) satellite constellation permitted to operate in Thailand. This partnership with Thaicom is expected to enhance satellite service offerings, including critical Emergency SOS communications, and foster long-term growth and collaboration in the satellite industry.

Positive

• Authorized mobile satellite services in Thailand, expanding market reach.
• First LEO constellation approved to provide services in Thailand.
• New ground station enhances service capabilities.
• Strategic partnership with Thaicom to boost service and operational efficiency.

Negative

• None.

Announcement made at commencement of Satellite 2023 in Washington, D.C.

COVINGTON, La.--(BUSINESS WIRE)-- Globalstar, Inc. (NYSE American: GSAT), today announced that the Kingdom of Thailand’s Office of The National Broadcasting and Telecommunications Commission (NBTC) has authorized the provision of Globalstar mobile satellite services throughout Thailand, including the authority to operate its new ground station at Thaicom’s Teleport Center in Patumthani province north of Bangkok.

“Globalstar is the first and only LEO constellation of satellites to be authorized to provide service in the Kingdom of Thailand,” said L. Barbee Ponder, Globalstar General Counsel, and Vice President of Regulatory Affairs. “Our new ground station at Thaicom’s Teleport Center joins twenty-seven other stations in seventeen countries to provide the finest mobile satellite services, including critical Emergency SOS communications, to hundreds of millions of people globally. These achievements would not have been possible without the support of our partner, Thaicom Public Company Limited.”

“We are very pleased to partner with Globalstar,” said Patompob (Nile) Suwansiri, Thaicom’s Chief Executive Officer. “This collaboration is a strategic move in expanding our portfolio of cooperation with a leading global LEO operator which will complement our existing satellite services. Our experience and expertise in the satellite industry, along with Globalstar’s world-class services for personnel safety and management will serve to provide our customers with advanced satellite solutions for the digital era. We believe this strategic alliance between the two companies will lay the foundation for a long-term relationship and sustainable growth in the satellite industry in this region.”

About Globalstar, Inc.

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 assures a secure data transmission for connecting and protecting assets, transmitting key operational data, and saving lives — from any location — for consumers, businesses, and government agencies across the globe. Globalstar’s terrestrial spectrum, Band 53, offers carriers, cable companies, and system integrators a versatile, fully licensed channel with a growing ecosystem to improve their customers’ wireless connectivity. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230313005298/en/

USA Public Relations / General Media Inquiries:

Denise Davila

Email: denise.davila@globalstar.com

Phone: +1-985-335-1538

Source: Globalstar, Inc.

FAQ

What is the recent announcement by Globalstar regarding Thailand?

Globalstar announced authorization to provide mobile satellite services in Thailand, including a new ground station operated at Thaicom’s Teleport Center.

What significance does the authorization by NBTC have for Globalstar?

The authorization allows Globalstar to be the first LEO satellite operator providing services in Thailand, establishing a foothold in a new market.

How will the partnership with Thaicom benefit Globalstar?

The partnership aims to enhance satellite solutions, including Emergency SOS communications, enabling long-term growth in the region.

What is Globalstar's stock symbol?

Globalstar's stock symbol is GSAT, traded on NYSE American.