FCC RELEASES PROPOSED RULES FOR GLOBALSTAR TERRESTRIAL BROADBAND SERVICES OVER 22 MHz OF SPECTRUMCompany to host conference call on Wednesday, November 6th to discuss these new rules and near-term outlook for reliefCovington, LA , November 03 2013-
Globalstar, Inc. (OTCQB: GSAT) announced today that the Federal Communications Commission ("FCC") has issued a Notice of Proposed Rulemaking ("NPRM") commencing a formal proceeding to allow Globalstar to deploy a terrestrial broadband network over 22 MHz of spectrum in the 2.4 GHz band. As Globalstar requested, the proposed new rules would allow the Company to provide terrestrial broadband services over its 11.5 MHz of previously-licensed S-band spectrum at 2483.5-2495 MHz, as well as the adjacent 10.5 MHz of unlicensed spectrum at 2473-2483.5 MHz.
As provided in the 2010 National Broadband Plan, these proposed rules are consistent with the FCC's policy to more intensively use satellite spectrum to meet the nation's growing demand for mobile broadband services while preserving mission-critical mobile satellite capabilities. Upon final adoption of these rules, Globalstar can maximize the utility of this resource, adding a full 22 MHz to the nation's inventory of available terrestrial broadband spectrum.
Further, consistent with the Company's proposed near-term and long-term procedural structure for considering terrestrial use in Globalstar's Big LEO spectrum, the FCC confirmed that Globalstar's L-band proposal will be addressed separately from this proceeding.
"The FCC's release of Globalstar's requested Notice of Proposed Rulemaking last Friday represents a seminal development and yet another step forward in Globalstar's renaissance," said Jay Monroe, the Company's Chairman and Chief Executive Officer. "We look forward to receiving the public's comments and working towards a final order over the next several months."
Globalstar will host a conference call Wednesday, November 6th, 2013, at 10:00am EDT to discuss this recent development. Please join us for what promises to be an informative discussion regarding the proposed rules, next steps and near-term outlook for permanent terrestrial relief.
Details are as follows:
10:00am EDT, November 6, 2013
Investors and the media are encouraged to listen to the call through the Investor Relations section of the Company's website at www.globalstar.com/investors.
If you would like to participate in the live question and answer session following the Company's conference call, please dial 1 (888) 424-8151 (US and Canada), 1 (847) 585-4422 (International) and use the participant pass code 8114 877#.
A replay of the conference call will be available for a limited time and can be heard after 12:30 p.m. EDT on November 6, 2013. Dial: 1 (888) 843-7419 (U.S. and Canada), 1 (630) 652-3042 (International) and pass code 8114 877#.
About Globalstar, Inc.
Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. Note that all SPOT products described in this or any Globalstar press release are the products of Spot LLC, which is not affiliated in any manner with Spot Image of Toulouse, France or Spot Image Corporation of Chantilly, Virginia. SPOT Connect is a trademark of Spot LLC.
For more information regarding Globalstar, please visit Globalstar's website at Globalstar.com
L. Barbee Ponder
General Counsel & Vice President Regulatory Affairs
Phone: (985) 335-1503