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Globalstar refutes 'manipulative' arguments by Kerrisdale

Tuesday 21 October 2014 | 10:22 CET | News
Globalstar noted a letter filed by Kerrisdale Capital Management to the US Federal Communications Commission, in which Kerrisdale asks the FCC to deny Globalstar's request to launch services over airwaves reserved for satellite use. Gobalstar said that Kerrisdale is again only trying to manipulate Globalstar's share price and serve its own agenda. Kerrisdale filed a letter to the FCC, saying Globalstar is looking to profit from exclusive control of the airwaves and that its move to provide services over airwaves reserved for satellite use will not relieve Wi-Fi congestion as the company has

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