Globalstar’s first-generation constellation will outlast expectat...
Globalstar’s first-generation constellation will outlast expectations, with some craft working into next year, said Anthony Navarra, Globalstar president of global operations, during an earnings call late Wednesday. Globalstar said last year that radiation was causing its two-way service to…
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fail more quickly than expected (CD Feb 7/07 p5). Engineering and marketing measures let Globalstar weather the storm, said CEO Jay Monroe. The company plans to begin launching its second- generation constellation next year, following up on the 2007 launch of eight satellites as a bridge, he said. Last year Globalstar added 21,000-plus customers, ending with about 81,500. Monthly retail churn averaged 1.8 percent in 2007, compared with 2006’s 1.1 percent, Globalstar said. Enthusiasm for introduction of the Spot personal location and messaging device “overwhelmed” the company, Monroe said. Globalstar revenue fell $38 million-plus in 2007, it said. - - HFW