Globalstar, a telecommunications leader, has partnered with Telecom CLM to expand the Alcazar Teleport in Spain, enhancing satellite coverage in Europe. The expansion includes three new antennas, doubling the capacity and supporting the launch of the C-3 system. Despite recent power outages, Globalstar's satellite network provided uninterrupted service in Spain and Portugal. The collaboration will ensure consistent and resilient connectivity for millions of users in Europe.
Globalstar, Inc. (GSAT) has announced a strategic partnership with Telecom Castilla-La Mancha, S.A. (Telecom CLM) to significantly expand its Alcazar Teleport facility in Castilla-La Mancha, Spain. This move is part of a broader initiative to enhance Globalstar’s third-generation mobile satellite services network, the C-3 System, and bolster its capabilities to deliver resilient and uninterrupted connectivity across Europe.
The expansion will effectively double the size of Globalstar’s current footprint at the Alcazar Teleport by adding three new tracking antennas along with essential infrastructure upgrades. This development is a crucial step in strengthening the Low Earth Orbit (LEO) satellite constellation, enabling Globalstar to support a broad range of next-gen mobile satellite services for hundreds of millions of European users.
The recent power outages in Spain and Portugal, where terrestrial mobile networks failed, underscored the importance of Globalstar’s satellite services. Despite these outages, Globalstar’s satellite network continued to operate without disruption, highlighting its resilience. The enhancement of the Alcazar Teleport is a vital component in the company’s global infrastructure expansion for the C-3 System, ensuring service continuity and reliability.
Globalstar offers satellite voice and data services to commercial and recreational users in more than 120 countries worldwide. Its products include mobile and fixed satellite telephones, simplex and duplex satellite data modems, and flexible service packages. The successful installation of the first 6-meter tracking antenna for the upcoming C-3 mobile satellite system marks the official start of a major global initiative to expand the company’s ground infrastructure as part of its new Extended MSS Network.
The company’s recent collaboration with GCT Semiconductor Holding to engineer two-way satellite messaging systems for its mobile devices and modules further illustrates its commitment to innovation. This initiative integrates GCTS’ cutting-edge IoT and 4G/5G semiconductor technology into Globalstar’s next-generation product suite.
Globalstar’s financial performance has shown consistent growth in service revenues and subscriber equipment sales. In the last reported quarter, revenues of $60 million rose by 6% year over year, primarily driven by higher service revenues. The company has reaffirmed its revenue guidance for 2025 between $260 million and $285 million and expects to sustain an adjusted EBITDA margin of around 50%.
Globalstar currently carries a Zacks Rank #3 (Hold). Its shares have gained 41.2% in the past year compared to the Zacks Satellite and Communication industry's growth of 57%.
References:
[1] https://finance.yahoo.com/news/globalstar-telecom-clm-expand-alcazar-124100062.html
[2] https://www.nasdaq.com/articles/globalstar-telecom-clm-expand-alcazar-teleport-c-3-system
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