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COVINGTON, La. - Globalstar, Inc. (NASDAQ:GSAT), a $3.58 billion market cap satellite communications company that has seen its stock surge over 13% in the past week according to InvestingPro, has started construction to expand its ground station in Singapore, adding two 6-meter tracking antennas to support the company’s third-generation C-3 mobile satellite system, according to a press release issued Tuesday.
The expansion builds upon Globalstar’s 17-year partnership with Singtel, which has hosted the company’s ground station facilities in Singapore since 2008. The upgraded facility will enable expanded service offerings across Southeast Asia.
Singapore joins Spain, Japan, Canada, and the United States in Globalstar’s ongoing global infrastructure expansion, which includes the deployment of approximately 90 new tracking antennas worldwide. Current deployments are also underway at the company’s flagship station in Texas, along with international upgrades in Spain and Japan.
"With today’s announcement regarding Singapore, we continue our longstanding relationship with Singtel to support next-generation satellite solutions to hundreds of millions of people throughout the Southeast Asia region," said L. Barbee Ponder, General Counsel & Vice President of Regulatory Affairs for Globalstar.
Globalstar operates a low Earth orbit satellite constellation that provides connectivity services for data transmission, asset tracking, and communications. The company also offers terrestrial spectrum services through its Band 53 and its 5G variant, n53.
The company did not disclose the financial details or specific timeline for completion of the Singapore expansion project.
In other recent news, Globalstar Inc. reported its second-quarter earnings for 2025, showcasing a notable increase in revenue. The company highlighted strategic advancements in both product development and market expansion. These developments came despite a decline in stock price, which was not addressed in their earnings call. Globalstar emphasized its positive financial performance and future outlook during this period. The report did not mention any mergers or acquisitions. Analyst feedback or stock upgrades and downgrades were not provided in the recent updates. The focus was primarily on the company’s revenue growth and strategic initiatives.
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