Globalstar is a terrible asset and has limbered along for 15 years. The fact that they would give up almost all their capacity without even calling for an acquisition speaks to their desperation, perhaps even Apple's
I am actually quite surprised that it hasn't gone fully belly up some time in the past 10-12 years as their product has been eclipsed by much more robust offerings from competitors. How they've limped along with additional funding I truly don't know.
> Global customer segments include oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users.
From wikipedia.
Their customers seem to be pretty phone-call heavy industries, they aren't competitive on the data front, but aren't they cheaper than Iridium for phone calls?
Their satellite phones are absolutely ancient and look like 90s era Nokia. If voice was their competitive advantage you would assume they would invest heavily in keeping the equipment current. Looking at their service plans[0] I don't see anything compelling that matches Iridium or Inmarsat.
