Deals
Globalstar Works With Advisers to Explore Potential Sale
- Company won FCC approval for wireless spectrum use last year
- Sale would follow Verizon’s $3.1 billion Straight Path deal
This article is for subscribers only.
Globalstar Inc., which won U.S. approval to use its satellite airwaves for mobile broadband service, is working with financial advisers on a potential sale, people familiar with the matter said.
Shares climbed 15.2 percent to $2.20 in New York at 1:35 p.m., giving the company a market value of about $2.5 billion.