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General

Globalstar CEO to merge company with FiberLight

Wednesday 25 April 2018 | 15:26 CET | News
Jay Monroe, the CEO of satellite-based services provider Globalstar, announced plans to merge the company with metro fibre provider FiberLight. His company Themo Acquisition will also contribute 15.5 million shares in fixed operator CenturyLink, USD 100 million of cash and minority investments in complementary businesses and assets of USD 25 million in exchange for Globalstar shares worth USD 1.65 billion. After the merger, the company will be renamed Thermo Companies, and its stock will continue to trade publicly. 

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Categories: General
Companies: CenturyLink / FiberLight / Globalstar
Countries: North America
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