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Globalstar Prices Its IPO

Globalstar Inc. priced its initial public offering at $17 per share, the company announced Nov. 2. The company has also added 1 million shares to the offering, bringing the total...

Orange Launches GPS For 3G Phones

Orange UK will launch a GPS navigation system for corporate customers that will be powered by Webraska, a provider of mobile GPS navigation systems and geospatial software for wireless carriers...

Apax Closes FTMSC Deal

Apax Partners has completed the acquisition of France Telecom Mobile Satellite Communications (FTMSC), a deal commenced in July. Apax also recently announced its acquisition of Telenor Satellite Services, bolstering its...

China Plans Satellite Navigation System

The People’s Republic of China has started to build its own satellite navigation system, Xinhua reported Nov. 2. The planned network, Compass — or Beidou, in Chinese — reportedly will...