Globalstar lifts adjusted EBITDA 3% amid revenue declines in Q3

Monday 9 November 2020 | 09:48 CET | News
Satellite services provider Globalstar reported third quarter results still hit by the coronavirus pandemic, though underlying results continued constant. The lingering impact of the oil and gas industry downturn temporarily affected Commercial IoT growth but the business is still seen as a significant driver for future profitability. CEO Dave Kagan said the company strongly believes that its satellite business will over the long-term provide reliable connectivity around the world for low bit rate IoT data, emergency messaging and tracking for both people and companies, so "we are continuing

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Categories: Broadcast & Satellite
Companies: Globalstar
Countries: World
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