Globalstar back in the black on higher subscriber numbers, revenues in Q3

Friday 3 November 2017 | 11:33 CET | News
Globalstar raised the number of subscribers to its satellite network to over 713,000, pushing up revenues in the third quarter by 19 percent to USD 30.45 million, boosted by higher service revenue (+19%) and growth in ARPU, plus a 22 percent increase at subscriber equipment sales. The net result went to a gain of USD 52.4 million from a loss year-on-year of 2.6 million, on the back of non-cash derivative gains. The adjusted EBITDA meanwhile leaped 68 percent to USD 9.9 million. Liquidity was helped by the company's recently amended senior debt facility and is expected to be enough until at

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Categories: Broadcast & Satellite / Broadcast & Satellite
Companies: Globalstar
Countries: World
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