Globalstar Says Numerous Band 53 Deals in Works

Globalstar is starting to sign a variety of deals for use of its spectrum Band 53, including it and Qualcomm talking to the chipmakers global system integrator network with a private 5G service available over the band, company officials said Friday as Globalstar announced results for the quarter ending March 31. It said it's also pursuing a private network in Canada using Band 53, with that model to be replicated in other markets. Spain also granted terrestrial authority for the band, bringing the number of authorized countries to 11, it said. For the quarter, revenue was $58.6 million, up 79% year over year, driven by increases in service revenue and revenue from subscriber equipment sales, it said.