Globalstar's (GSAT) HIBLEO-4 Authorization Extended by FCC

Globalstar (GSAT) recently announced that the U.S. Federal Communications Commission ("FCC") has granted the company an additional 15-year extension of its senior HIBLEO-4 authorization. This order not only extends the operational term of Globalstar's existing satellite and communications solutions but also permits the company to deploy up to 26 replacement satellites. The FCC's extension allows Globalstar to continue operating within its licensed portion of the Big LEO Band. This ensures that the company w ...