Globalstar, Inc. Provides Guidance for the Full Year 2019
May 10, 2018 at 01:30 pm
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Globalstar, Inc. provided guidance for the full year 2019. Looking forward to the full year 2019, pro forma for the merger, management expects adjusted EBITDA of the combined entity to be in excess of $165 million and combined net debt at December 31, 2019, of less than $200 million.
Globalstar, Inc. is an international telecom infrastructure provider. The Company provides mobile satellite services, including voice and data communications services, as well as wholesale capacity services through its global satellite network. It offers these services over its network of in-orbit satellites and ground stations (gateways) pursuant to its spectrum licenses (collectively, Globalstar System). Its communications services include two-way voice communication and data transmissions via its GSP-1600 and GSP-1700 phone; one-way or two-way communication and data transmissions using mobile devices, including its SPOT family of products; one-way data transmissions using a mobile or fixed device that transmits its location and other information to a central monitoring station; satellite network access and related services utilizing its satellite spectrum and network of satellites and gateways, and engineering and other communication services using the Globalstar System.
GLOBALSTAR, INC. 
