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Globalstar narrows loss despite lower revenues in Q1

Friday 7 May 2021 | 12:51 CET | News
Satellite services provider Globalstar reported a mixed set of figures for the first quarter, with CEO Dave Kagan saying he sees signs of recovery at the Commercial IoT sales channel, with both service and equipment revenue going higher than the pre-pandemic levels of the year before. The company expects to return to pre-coronavirus sales by the second half of the year.

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Categories: Broadcast & Satellite
Companies: Globalstar
Countries: World
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