CORRECTION: Our previous press release stated that Globalstar was an unprofitable company. Globalstar did report on May 10th a $.06 per share profit for Q1 2018.
NEW YORK, NY / ACCESSWIRE / June 18, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Globalstar, Inc. (NYSE: GSAT), a growing MSS provider of critical one-way and two-way satellite telecommunication services in areas that are either unserved or underserved by terrestrial infrastructure.
Our previous press release stated that Globalstar was an unprofitable company. Globalstar did report on May 10th, a $.06 per share profit for Q1 2018. The profitable quarter is covered in our full report linked below.
On May 10th, the company introduced SPOT-X, a 2-way satellite messaging device. SPOT X offers 2-way message capabilities with an onboard backlit keyboard, GPS location tracking, social media linking and direct communication with emergency services in one portable, lightweight device.
Read about the GSAT new products, tech, analysts' review and target READ MORE
Copy and paste to your browser may be required to view the report - https://tradersnewssource.com/globalstar-2/
In April, Globalstar Inc. announced plans to merge with landline operator FiberLight LLC in a $1.65 billion combination. The complex deal engineered by telecom investor Jay Monroe would also fold in assets of investment firm Thermo, which holds minority stakes in several companies, including CenturyLink Inc., and $100 million of cash. Globalstar, FiberLight, and Thermo are all controlled by Mr. Jay Monroe, who serves as Globalstar chairman and chief executive.
Merger details and the GSAT Q1 financial data here READ MORE
Copy and paste to your browser may be required to view the report - https://tradersnewssource.com/globalstar-2/
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