US satellite operator Globalstar recently won a landmark FCC ruling to use mid-band spectrum for terrestrial TD-LTE, after backing down from a plan to roll out a more powerful broadband technology called Terrestrial Low Power Service (TLPS). CEO Jay Monroe believes mid-band spectrum, and not “beach-front” low-band frequencies, is the future of the mobile industry. SatelliteFinance finds out more about the satellite company’s terrestrial ambitions.
US-based Echostar is transferring its fibre backhaul network, OTT development unit, and certain other assets to sister company Dish Network to become a pure-play satellite services business. In exchange the satellite operator, which is also is also transferring wireless spectrum licences covering four markets in the 28 GHz band, will get an 80% economic interest in Dish Network’s residential satellite broadband business Hughes Retail Group through tracking stock.
The CEO of Globalstar has quashed talk of a significant equity issue on an investor call to discuss the US MSS operator's plans to deploy its 2.4 GHz spectrum to support LTE networks. Jay Monroe said that assuming it can continue its adjusted EBITDA growth, up 60% year-on-year for the first nine months of FY2016, then talk of “any so-called ‘massive near term dilution’ – I think that’s what it said in one report – [is] just wrong”.
Globalstar has been granted approval by the FCC to use its 11.5 MHz of licensed spectrum in the 2.4 GHz band for low-power terrestrial broadband services, after throwing in the towel on a four-year fight to get support for a more ambitious plan for its TLPS technology. A conference call has been scheduled for 6 January where CEO and chairman Jay Monroe and other Globalstar executives will discuss plans to put the 11.5 MHz spectrum to work.