Las Vegas, NV -- (SBWIRE) -- 12/20/2013 -- Globalstar, Inc. (OTCMKTS:GSAT) offers mobile voice and data communications services. The span of company’s operations expands worldwide through satellite. GSAT’s satellite communications offers services to individuals and sectors of government; construction; oil and gas; maritime and fishing; public safety and disaster relief; natural resources, mining and forestry; utilities and transportation.
The company has 36 in-orbit satellites and 24 active ground stations ensuring uninterrupted services.
Globalstar announced that it signed an agreement. Under the agreement, Hughes Network Systems LLC can purchase the voting shares of common stock of GSAT with a 7% discount. Hughes exercised option and the company offered 3,166,474 voting common stock shares at the per share par value $1.35.
Globalstar’s shares trade at $1.86 with 1.06% fall in share price. The share traded at highest of $2.06 and lowest of $0.25 during last 52 weeks.
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