Globalstar Expands Terrestrial Services in Spain with Support from Telecom CLM and Three European Ground Stations
March 1, 2023
Trending News ☀️
Globalstar ($NYSEAM:GSAT), the world’s leading provider of mobile satellite services, announced on Monday that the Spanish government had granted them authorization to expand their services to offer supplementary terrestrial services. This includes services like LTE and 5G compliant services through the Band 53/n53 spectrum using their global mobile satellite spectrum. This new expansion is receiving support from Telecom CLM, which has agreed to host Globalstar’s ground station at their international teleport in Alcazar de San Juan. This new addition to their existing three other European ground stations makes Globalstar the only mobile satellite services provider with a network of ground stations in Europe.
These increased capabilities allow Globalstar to better serve the Spanish market and provide reliable access to Europe. This is especially beneficial as it enables high-speed data and voice solutions that have been sorely needed in light of continued improvements in the communication industry. With this new permission, Globalstar continues to lead the mobile satellite communications industry, providing innovative solutions to people around the globe.
Market Price
On Monday, GLOBALSTAR made headlines by expanding their terrestrial services in Spain with the support of Telecom CLM and three European ground stations. The news coverage is mostly positive as it marks an expansion of GLOBALSTAR’s technology into Europe. The stock opened at $1.2 and closed at the same price, representing a slight 0.9% increase from the last closing price. This reaction shows that investors are quite positive about the news and are expecting further expansion of the company in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Globalstar. More…
| Total Revenues | Net Income | Net Margin |
| 141.67 | -275.54 | -66.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Globalstar. More…
| Operations | Investing | Financing |
| 56.42 | -40.46 | -63.44 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Globalstar. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 746.54 | 610.96 | 0.08 |
Key Ratios Snapshot
Some of the financial key ratios for Globalstar are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.4% | – | -42.8% |
| FCF Margin | ROE | ROA |
| 11.3% | -16.3% | -5.1% |
Analysis
At GoodWhale, we have completed a thorough analysis of GLOBALSTAR‘s wellbeing and are pleased to provide our findings. We have assessed GLOBALSTAR as a medium risk investment according to its Risk Rating, which takes into account both financial and business aspects. Specifically, we have identified three risk warnings in GLOBALSTAR’s income sheet, balance sheet, and financial journal. If you would like to find out more about these risk warnings, then please register on our website: goodwhale.com. Doing so will allow you to access our in-depth analysis and understand more about the risk factors associated with GLOBALSTAR. More…
Peers
As the world becomes increasingly more connected, the competition for telecommunications companies to provide affordable and reliable service has become more heated. Among those vying for a piece of the pie are Globalstar Inc and its competitors, PT XL Axiata TBK, Toople PLC, and KonaTel Inc. All four companies are looking to provide the best service at the most competitive prices, and all have their own strengths and weaknesses. It remains to be seen who will come out on top in this rapidly changing industry.
– PT XL Axiata TBK ($IDX:EXCL)
PT XL Axiata TBK is one of the largest telecommunications companies in Indonesia. The company has a market cap of 26.24T as of 2022 and a Return on Equity of 12.24%. PT XL Axiata TBK provides a wide range of telecommunications services, including mobile voice and data, fixed voice and data, and broadband. The company has a strong presence in Indonesia’s fast-growing mobile market with over 60 million subscribers.
– Toople PLC ($LSE:TOOP)
Toople PLC is a telecommunications company that provides broadband and phone services to businesses in the United Kingdom. The company has a market cap of 456.33k as of 2022 and a Return on Equity of 73.99%. Toople PLC was founded in 2003 and is headquartered in London, United Kingdom.
– KonaTel Inc ($OTCPK:KTEL)
KonaTel Inc is a publicly traded company with a market cap of 50.35M as of 2022. The company has a Return on Equity of -28.03%. KonaTel is a provider of cloud-based communication solutions. The company’s solutions include VoIP, SIP trunking, video conferencing, and more.
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