Globalstar Expects 'Hundreds of Millions' of 5G Devices Able to Use Its Spectrum

Hundreds of millions of devices will be available by this time next year that support Globalstar's Band 53 spectrum, Executive Chairman Jay Monroe said Thursday as the company announced Q2 financial results. It and Qualcomm announced in March they were collaborating on use of Band 53 in mobile devices (see 303070041). Globalstar said revenue for the quarter was $55.1 million, up from $36.8 million last year. Monroe said growth is being driven partly by Globalstar's commercial IoT business and should continue due to introduction of two-way services and products this year. The company remains on pace for 2025 launch of 17 satellites to replenish and extend the life of its existing constellation, said Tim Taylor, vice president-finance, business operations and strategy.