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Globalstar Reports Growth In Voice, Data Service Users
Globalstar LLC reported May 19 a 45 percent growth year to year in its subscriber base and a 900 percent increase in its simplex, in its first year since being acquired by Thermo Capital Partners LLC in April 2004. The company did not report specific financial data.
“Throughout the last year, we have clearly demonstrated how Globalstar continues to evolve and provide the best and most cost-effective solutions to our customers,” Globalstar Chairman and CEO Jay Monroe said in a prepared statement. “We look forward to setting the agenda for ongoing growth by introducing more innovative products and services this year and beyond.”
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