Analysts at Quilty Space say they estimate the satellite direct-to-device (DTD) market holds the promise of burgeoning into a multibillion-dollar industry. “It comes as no surprise that in the race to equip unmodified smartphones with satellite connectivity, various players are jockeying for position. Who crosses the finish line first, or even who stays in the […]
Satellite operator Thaicom has reported its financial results Q1 2023. Thaicom’s net profit attributable to owner of the Company for the quarter was Baht 90 million (€2.44m), an increase from Q4 2022 where there was a net loss of Baht 439 million. The main reason was the reduction in net foreign exchange losses as the […]
Globalstar is a fast-growing mobile satellite operator which has struck a dramatic deal with Apple for connecting Apple’s latest smart phones to its satellite-based services. Its latest numbers show a 79 pe rcent increase in service revenues for the quarter-year to March 31st from $29.3 million (in Q1 2022) to $52.94 million. Its bottom-line net […]
Satellite operator Globalstar, which has an agreement with Apple to connect smartphones via satellite for emergency services, has secured a $200 million (€183.6m) loan which means that debts can be paid and puts capital in place for expansion. The Globalstar borrowing comes from an affiliate of Värde Partners, and is in the form of 13 […]
Globalstar, a telecom infrastructure provider, has signed a strategic collaboration agreement with Qualcomm Technologies, involving a portfolio of 5G Private Network technologies, including Qualcomm FSM 5G RAN Platforms for small cells, as well as select Qualcomm Snapdragon Modem-RF Systems, supporting Rel 15/16, that will utilize Globalstar Band n53 terrestrial spectrum around the world. As part […]
Apple is lending satellite operator $252 million (€237.2m) as an advance prepayment for accessing Globelstar’s satellites for Apple’s latest direct-to-satellite emergency call system on its iPhone 14 and iPhone 14 Pro handsets. Globalstar has 24 satellites in orbit and has another 17 craft planned, plus a potential extra 9 satellites all of which will be […]
GlobalStar, which has won potential support from Apple for its iPhone emergency service, is to repay cash owed to EchoStar under the 2019 Facility Agreement signed between GlobalStar and EchoStar. The Apple project could not have proceeded had the debt not been repaid. GlobalStar says all its outstanding obligations to EchoStar will be met within […]
Charlie Ergen, co-founder of Dish and EchoStar, has something of a reputation as a poker player. Indeed, he was allegedly once banned from a casino at Lake Tahoe many years ago. A report from Tim Farrar of TMF Associates focuses on a filing by Globalstar which has notified the market that it had entered into […]
In post-results comments to market analysts, Viasat’s chairman Mark Dankberg said the combination of its expanding ViaSat-3 ‘next generation’ satellites, plus the L-band services from Inmarsat (which it is in the process of acquiring) would equal the sort of rival satellite-based offerings from the likes of SpaceX/T-Mobile, Apple/Globalstar, Iridium/Qualcomm, Lynk Global and AST SpaceMobile. All […]
Analysts at Northern Sky Research (NSR), in a report which looks at prospects for the space industry in 2023, says that 2022 was already big for direct satellite-to-devices and that 2023 will be “even bigger”. Lluc Palerm, NSR Principal Analyst, says the satellite-to-device market saw a rush of announcements last year by the likes of […]