The FCC formally approved a request to have control of Globalstar’s operating licenses and regulatory authorizations transferred to a new Globalstar operating company that is majority-owned by Thermo Capital Partners.
Globalstar offers satellite telecommunications services, for both voice and data. http://www.globalstar.com
- In early December 2003, Thermo agreed to acquire Globalstar’s operating and marketing assets, subject to certain conditions including approval for the transfer of control of these FCC licenses and authorizations.