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Roller coaster January for struggling satcom provider Globalstar

News | 02/04/2003 5:00 am EST

Globalstar LP and its Canadian counterpart Globalstar Canada endured a turbulent January as the struggling mobile satellite communications provider received a proposed investment that would have kept the company afloat and then had the proposal pulled off the table at the last minute. The roller coaster ride continued last week when Globalstar was given the right to implement a terrestrial in-fill network to complement its satellite coverage in urban areas, but had a 2 GHz licence awarded to it in July 2001 deemed null and void.

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