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Globalstar revenues rise 17% in Q3, boosted by higher service revenue, equipment sales

Friday 2 November 2018 | 16:18 CET | News
Mobile satellite voice and data services provider Globalstar said revenues for the third quarter went up 17 percent from the year before to USD 5.2 million, helped by higher service revenue and subscriber equipment sales. Service revenue increased 15 percent, itself driven by higher ARPU in all core revenue streams. Duplex and Spot ARPU each went 27 percent and 14 percent higher, boosted by rate plan changes rolled out across the company's subscriber base over the last several quarters. Subscriber equipment sales revenue advanced 32 percent, due primarily to sales of the recently launched

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Categories: Mobile & Wireless / Broadcast & Satellite
Companies: Globalstar
Countries: World
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