Competition to provide satellite internet heats up in Africa [Yahoo! Finance]
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
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Source: Yahoo! Finance
The chief executive of satellite company SES, which provides internet services in more than 30 African countries, told me his firm “can't compete” with Elon Musk's Starlink on price because it has “access to capital that very few companies actually can afford.” Both firms highlight the opportunity for satellite internet companies to reach millions of unconnected people in remote parts of the continent. And the market is getting crowded. Amazon is competing directly with Starlink for African consumers with a satellite network backed by a partnership with Vodafone , and last week struck a $11.6 billion deal to buy Globalstar, which operates a low-orbit satellite constellation. Increased use of satellite technology could have a knock-on-effect in disparate ways: One estimate suggests that satellite technology could yield $900 million in annual agricultural productivity gains for the continent, such as water savings, improved crop yields, and reduced pesticide use. But serious questi
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GSAT
Earnings
- 2/27/26 - Miss
GSAT
Sec Filings
- 4/15/26 - Form SCHEDULE
- 4/15/26 - Form 4
- 4/15/26 - Form 144
- GSAT's page on the SEC website