MILPITAS, Calif.-Satellite carrier Globalstar heralded its successes a year out of bankruptcy, claiming new products and services, expanded coverage, reduced costs and a growing subscriber base.
“Globalstar has delivered on and even exceeded every growth metric we set one year ago,” said Jay Monroe, the company’s chairman and chief executive officer. “We trained our sights on high-usage vertical markets and have developed a high revenue-generating roster as a result of this approach. We said we would offer new products and services that capitalized on the ubiquity and cost effectiveness of Globalstar service, and we did. All the while, our customers have continued to enjoy voice quality, reliability, data connectivity and availability that are unparalleled in the industry. We look forward to continuing this trajectory in the years to come.”
Specifically, Globalstar said its voice user subscriber base has grown 45 percent year-over-year. The carrier said it improved coverage in Florida, Latin America, Europe, the North Atlantic and the Middle East. Further, the company said it is planning to integrate a terrestrial wireless service similar to cellular or PCS into its satellite service offerings through ancillary terrestrial service. Globalstar also said it introduced a Web-based asset tracking and monitoring service, new pricing plans, a fax service and data services.
“Over the last year, we’ve clearly demonstrated how Globalstar continues to evolve to provide the best and most cost-effective solutions to our customers,” Monroe said. “We look forward to setting the agenda for ongoing growth by introducing more innovative products and services this year and beyond.”
