Globalstar poised to regain lost ground in 2012
For mobile satellite services provider Globalstar, this could be the year the Covington, La.-based company claws its way back from the brink. Since 2007, when Globalstar's first-generation satellites began degrading in orbit, the fleet operator has lost customers in droves. First, it was to chief competitors Iridium Communications and United Arab Emirates-based Thuraya, and ultimately to industry-heavyweight Inmarsat, which in 2010 brought its first hand-held satellite phone to the ...
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