Globalstar Signs Tech Licensing Deal with XCom, Names New CEO

Globalstar signed a perpetual licensing agreement with XCom Labs for exclusive access to some technologies and personnel, the Globalstar said Tuesday. The deal also sees XCom founder and CEO Paul Jacobs replace Dave Kagan, who's retiring, as Globastar CEO. Globalstar said the licensing agreement includes XComp, XCom’s commercially available coordinated multipoint radio system, and the company's peer-to-peer connectivity technologies that could have applications for cellular and satellite devices. Jacobs, who previously was Qualcomm CEO, said joining Globalstar's terrestrial spectrum and XCom's technology "creates a significant opportunity to deliver for private network customers with mission-critical needs."