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Globalstar Expands Ground Station in Singapore

1. GSAT expands ground station in Singapore for its C-3 satellite system. 2. Construction includes two new 6-meter antennas, enhancing capabilities.

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FAQ

Why Bullish?

Ground station expansion positions GSAT for increased service capacity, similar expansions have previously led to stock gains.

How important is it?

Expansion enhances GSAT's operational capabilities, potentially attracting new contracts and customers.

Why Short Term?

Immediate benefits from enhanced infrastructure in Singapore could quickly reflect in stock performance.

Related Companies

SingtelINTCAVGO
COVINGTON, La.--(BUSINESS WIRE)--Globalstar, Inc. (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, today announces that construction has commenced to expand the size of the ground station in Singapore to support its third-generation C-3 mobile satellite system (MSS). Singtel has hosted Globalstar's ground station facilities in Singapore since 2008. The announced construction will add two additional 6-meter tracking antennas that will support Globalsta.

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