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Globalstar grows revenue 21 percent in second quarter

Tuesday 12 August 2014 | 09:44 CET | News
Mobile and satellite voice and data service provider Globalstar reported a revenue up 21 percent to USD 24 million in the second quarter, compared to USD 19.8 million in the second quarter of 2013, due to increases in service revenue and subscriber equipment sales. Service revenue rose by 16 percent to USD 17.9 million, driven by 30 percent growth in Duplex service revenue from higher total paying customers, greater usage and an increase in the average price of recurring service plans. The company added approximately 7,900 net paying Duplex subscribers, 13,000 Spot subscribers and 50,000

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Categories: Broadcast & Satellite
Companies: Globalstar
Countries: United States
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