gsat news hit the rest of the wires this morning at 7am. should be a fun day. i guess we know why the ceo purchased $3,000,000.00 worth of the stock in december

Globalstar Becomes the First Mobile Satellite Services Provider to Utilize Its ATC Spectrum Authority
Monday January 12, 7:00 am ET
Open Range Closes Financing and Prepares to Offer Wireless Broadband Services to Over 500 Rural Communities Using Globalstar ATC Authority


MILPITAS, Calif., Jan. 12, 2009 (GLOBE NEWSWIRE) -- Globalstar, Inc. (NasdaqGS:GSAT - News), a leading provider of mobile satellite voice and data services to businesses, governments, and individuals, today announced that Open Range Communications Inc. has closed on its equity financing of $100 million from One Equity Partners (OEP), the private equity arm of JPMorgan Chase & Co. In March 2008, the United States Department of Agriculture's Rural Development Utilities Program (RDUP) approved a $267 million Broadband Access Loan for Open Range, with the prerequisite that private financing also be secured. The OEP investment satisfies the RDUP's loan terms, making the funds available to Open Range. Open Range can now commence deploying wireless broadband service in rural America under a spectrum lease agreement with Globalstar. The Federal Communications Commission (FCC) granted the necessary authority for the Ancillary Terrestrial Component (ATC) service in October 2008.


``Globalstar is the first mobile satellite services company to utilize its ATC spectrum authority to realize additional revenues by providing terrestrial wireless providers with a way to deliver their enhanced services both terrestrially as well as by satellite,'' said Jay Monroe, Chairman and CEO of Globalstar, Inc. Mr. Monroe added, ``We are extremely excited about using our ATC spectrum to help Open Range meet the wireless broadband needs of un-served and underserved rural Americans and to give those Americans access to satellite connectivity when outside of Open Range's wireless footprint. We believe this agreement establishes a template for how our global spectrum may be used more efficiently to the benefit of Globalstar, our partners and our customers.''

The spectrum lease agreement with Open Range provides Globalstar with an additional source of revenue. The initial lease down payment is approximately $2.2 million. With full utilization of Globalstar spectrum by Open Range, which covers only five percent of the US population, payments are expected to increase to $10.1 million in year six of the agreement. The total amount of the payments made to Globalstar will depend on a number of factors, including the eventual geographic coverage of, and the number of customers on the Open Range system.

``The timing of our initiative couldn't be better,'' said Bill Beans, Jr., Chairman, CEO and Founder of Open Range. ``The success of this financing is a testament to the powerful opportunity offered by the promise of WiMAX technology, the strength of my team and our resolve to execute on the plan for wireless broadband in rural America. We consider this a brilliant achievement by Open Range and our partners in what is clearly one of the most challenging financing markets in recent history.''

Open Range has announced plans to offer affordable dual mode mobile satellite based and high-speed broadband Internet and voice services to more than six million citizens in 546 underserved and rural communities, using WiMAX technology, within five years. The WiMAX terminals will be satellite-capable, and customers outside of the WiMAX coverage area will be able to use Globalstar service over the satellites. Open Range expects to deploy its infrastructure in the first group of markets later this year.

Looks like a mutual fund bought in the other day. 3/4 million shares!
Globalstar Inc (NASDAQ:GSAT)

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nice find steve!

MILPITAS, Calif., Jan. 15, 2009 (GLOBE NEWSWIRE) -- SPOT LLC, a wholly-owned subsidiary of Globalstar, Inc. (Nasdaq:GSAT), and a leader in personal satellite messaging and emergency communications, today announced that SPOT Ambassador and famed survival expert and television host Les Stroud is scheduled to make an in-store appearance to present SPOT Satellite GPS Messenger(tm) at the Recreational Equipment, Inc. (REI) flagship store at 222 Yale Ave N in Seattle, Washington on Saturday, January 24. Les will also promote his new book titled "Survive! Essential Skills and Tactics to Get You Out of Anywhere - Alive," and share highlights from the new season of the series 'Survivorman' currently airing on the Discovery Channel.

The event is scheduled from 1-3 p.m. and free for members. Advance registration is not necessary, however attendance is expected to be significant. Stroud will help educate outdoor enthusiasts on the many benefits of SPOT, a handheld product that combines GPS and commercial satellite technology. SPOT is designed to raise the safety factor for the hundreds of millions of people around the world who spend significant time in the outdoors - whether for recreation, work or daily life. REI, a national retail cooperative providing quality outdoor clothing and gear, was the first retailer to carry SPOT in its stores since the new personal GPS device was introduced in August 2007.

"As a true outdoor survival expert and spokesman for the SPOT Satellite GPS Messenger, Les Stroud has helped educate others on the importance of being prepared while enjoying the wilderness," said Mike McCarty, Product Manager for REI. "SPOT was our leading GPS safety device among consumers in 2008. We are proud to host Les at our Seattle REI location to demonstrate how SPOT can be used to increase outdoor recreation safety and peace-of-mind for REI members and outdoor enthusiasts."

Weighing just over seven ounces, the hand-held SPOT Satellite GPS Messenger is ideal for the growing market of outdoor enthusiasts who enjoy backpacking, camping, hiking, ice and rock climbing, skiing, snowshoeing or recreational maritime activities. Since its inception, SPOT has helped initiate close to 100 life saving rescues and sent millions of peace-of-mind and tracking messages world-wide. For more information visit SPOT SATELLITE MESSENGER :: HOME PAGE

Shoppers visiting REI in Seattle on Saturday January 24 can take advantage of promotional, in-store offers on the SPOT Satellite GPS Messenger. SPOT representatives will be on-hand for demonstrations and to answer technical questions.

For more information about the store event or Les Stroud, visit REI Seattle Flagship Clinics and Events or Les Stroud

GSAT making a nice move. Could keep going.

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up to 1.26... Still holding from .21

up to 1.45.. still in it..

Globalstar gets $586M credit facility
Associated Press, 06.06.09, 11:40 AM EDT



MILPITAS, Calif. -- Communications satellite company Globalstar Inc. says it has secured a $586 million credit facility with a group of banks.

The deal completes $738 million in financing, which Globalstar ( GSAT - news - people ) plans to use to create a new satellite network beyond 2025. Globalstar satellites provide mobile voice and data services to clients such as businesses, governments and consumers.

Yahoo! BuzzThe credit facility, announced Friday, will be backed by banks that include BNP Paribas ( BNPQY.PK - news - people ), Natixis, Societe Generale, Calyon and Credit Industriel et Commercial. Interest will be determined by a floating credit rate based on LIBOR, but will be capped at 4 percent through 2012.

In return, Globalstar will have to take steps such as converting $180 million of senior secured loans into equity and raising $45 million from the sale of equity or subordinated debt securities. The company's principal stockholder, Thermo Funding Co. LLC, will also deposit $60 million into a contingent equity account to help repay the loans and will fund a $46.8 million debt service reserve account.

Globalstar Announces Registered Direct Offering for Up to $55 Million
4:13p ET June 16, 2009 (GlobeNewswire)
Globalstar, Inc. (Nasdaq:GSAT), a leading provider of mobile satellite voice and data services to businesses, government and individuals, today announced that it has entered into definitive agreements with select institutional investors, including a number of existing stockholders and Thermo Funding Company LLC, to raise gross proceeds of up to $55 million, before deducting placement agent fees and other estimated offering expenses, in a registered direct offering. Under the terms of the transaction, Globalstar will sell an aggregate of up to $55 million in principal amount of its 8.00% Convertible Senior Unsecured Notes. Investors will also receive warrants to purchase an aggregate of 15,277,771 shares of common stock. The notes will be convertible at a price of $1.80 per share. The warrants will be exercisable after stockholder approval is obtained until five years from the date of issuance at an exercise price of $1.80 per share. Until stockholder approval is obtained consistent with NASDAQ rules, exercise of the warrants is prohibited and conversion of the notes is restricted to 19.9% of the pre-transaction outstanding common stock on a pro rata basis. Globalstar's controlling stockholder has entered into a voting agreement to vote in favor of this transaction.

The Notes are senior unsecured debt obligations of the Company and shall rank pari passu with the Company's existing 5.75% Convertible Senior Notes due 2028 and junior to the COFACE Facility. The closing of the offering is expected to take place on June 19, 2009, subject to the satisfaction of customary closing conditions. Lazard Capital Markets LLC acted as the exclusive placement agent for the transaction.

Receipt of the net offering proceeds is a condition to the closing of the COFACE financing the company has announced previously. This transaction will contribute to an approximately $738 million financing that will be used to fund the Globalstar 2.0 second-generation constellation and ground segment.

The Company expects that this $738 million financing will fully fund the manufacture, delivery and launch of the Company's Globalstar 2.0 second-generation network and ground facilities, plus certain long-lead items connected with the accelerated delivery of additional second-generation spare satellites and will provide the Company with working capital. Globalstar expects to be the first global mobile satellite voice and data company to deliver and deploy its second-generation satellites and the first to offer an IP (Internet Protocol)-based network. The financing will also facilitate the introduction of Globalstar's next-generation satellite interface chipsets being designed by Hughes Network Systems. These network upgrades will support the Company's new mobile satellite services which will feature industry leading voice quality as well as increased data speeds to both handheld and fixed subscriber equipment.

The completion of the financing is critical for the design and deployment of the Globalstar 2.0 next-generation network which is expected to provide high quality voice and data services beyond 2025. Globalstar 2.0 includes the second-generation satellite constellation, being designed and manufactured by Thales Alenia Space, and the company's new ground segment being developed by Hughes and Ericsson Federal. Globalstar 2.0 will support increased data speeds of up to 256 kbps, in a flexible all IP (Internet Protocol) configuration. Products and services supported are expected to include push to talk and multicasting, advanced messaging capabilities such as multimedia messaging or MMS, mobile video applications, geo-location services, multi-band and multi-mode handsets and data devices with GPS integration.

A shelf registration statement relating to the notes and warrants issued in the offering (and the shares of common stock issuable upon conversion of the notes or exercise of the warrants) has been filed with the Securities and Exchange Commission (the "SEC") and has been declared effective. A prospectus supplement relating to the offering will be filed with the SEC. Copies of the prospectus supplement and accompanying prospectus may be obtained directly from the Company by contacting Globalstar, Inc., 461 S. Milpitas Blvd., Milpitas, California 95035.

This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.

Open Range taps Alvarion for rural WiMax network
Jun 17, 2009 12:28 PM, By Kevin Fitchard

$100 million contract will use WiMax as a terrestrial component in Open Range-Globalstar’s hybrid satellite broadband network

Open Range Communications has been breaking new ground with its rural WiMax deployments, announcing in the last year innovative new ways to build a broadband network in the remotest communities in the US. Instead of purchasing its own spectrum, Open Range partnered with Globalstar (NASDAQ:GSAT) to use its satellite spectrum for its new WiMax deployment. It then tackled the problem of backhaul capacity by working with Level 3 Communications (NASDAQ:LVLT) to tap into the fiber lines traversing its markets to supply high-capacity transport. The only thing Open Range hadn’t done was announce a WiMax vendor, an oversight corrected today with a $100-million contract awarded to Israeli equipment supplier Alvarion.

Over the next five years, Alvarion will deploy its BreezeMax gear throughout Open Range’s 546-rural-market footprint, spanning 17 states and 6 million people. The WiMax component will be supplemented with Globalstar’s satellite broadband network: Where WiMax can’t reach, Globalstar will fill in the gaps and vice versa. As part of their arrangement, Open Range will use Globalstar’s ancillary terrestrial component (ATC) spectrum in the 2.4 GHz to 2.5 GHz range. The FCC has allowed satellite operators like Globalstar to use their spectrum to transmit both from orbit and from space in order to overcome the barriers buildings present to satellite signals. Different providers are doing different things with the spectrum—Craig McCaw’s ICO Global is deploying a mobile TV network, while TerreStar is augmenting satellite broadband with high-speed packet access (HSPA)—but Globalstar is farming out its entire terrestrial component to Open Range.

While Alvarion will be deploying its standard BreezeMax IEEE 802.16e gear for the deployment, it will have to tweak it specifically for the ATC frequencies’ unique characteristics. The spectrum is adjacent to the 2.5 GHz band over which Clearwire (NASDAQ:CLWR) and other US operators are deploying their mobile WiMax networks, but because of its proximity to the unlicensed 2.4 GHz bands used for WiFi, Alvarion and other vendors must program special filters into their base station and customer premise equipment to avoid interference, said Tzvika Friedman, CEO and president of Alvarion.

While devices might not be supported off the shelf, any software adjustments will be minimal, Friedman said, and eventually chip makers may embed the software directly into their platforms.

As for the satellite component, chips may be available sooner rather than later to support devices moving in between the WiMax and orbital networks. Qualcomm (NASDAQ:QCOM) has announced an initiative to create dual-mode satellite-cellular chipsets for devices on ICO and TerreStar’s hybrid networks. While Qualcomm has not specifically indicated that WiMax-satellite chips are in its roadmap, dual-mode WiMax is definitely in its plans.

For Alvarion, the Open Range deal is the second it has landed funded by the US Department of Agriculture’s Rural Utilities Service (RUS). At CTIA Wireless, Alvarion announced a similar rural deployment with Main Street Broadband, which netted $34 million in RUS funding, but Open Range’s project is by far larger, garnering a $267-million loan from the program as well as $100 million in private funding. Friedman said both projects could potentially become much bigger if they secure broadband stimulus funding later this year.