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Globalstar (NASDAQ:GSAT), a next-generation telecommunications infrastructure and technology provider, today announces significant progress towards its $2 billion pledge made to the International Telecommunication Union (ITU) Partner2Connect initiative in March 2025. The company has now surpassed more than 50 percent of its commitment, investing over $1 billion to strengthen its global satellite network and expand broadband and IoT connectivity capabilities worldwide.
As part of this initiative, Globalstar has commissioned new replacement satellites to replenish its existing constellation and commenced the global buildout of its third-generation C-3 system, including both space and ground elements. The C-3 initiative represents the foundation for Globalstar's next era of mobile satellite services, designed to deliver higher capacity, greater resiliency, and enhanced support for data-driven applications across enterprise, government, and consumer markets.
Posted In: GSAT
