Globalstar Buys Vodaphone Interests

Globalstar said it completed the acquisition of all Globalstar-related assets previously owned by Vodafone Americas in the United States and Caribbean, including gateways and sales operations.

The transaction follows Globalstar's acquisition of similar assets and operations from service providers in France, announced last month, and in Canada, completed late last year. As a result, Globalstar said it's now working to consolidate all sales and technical operations across North America and much of Europe.

A preliminary agreement between Globalstar and Vodafone for the transfer of U.S. and Caribbean assets was signed in December, subject to approval by the Federal Communications Commission. Approval was granted by the FCC earlier this month, allowing the transaction to be completed this week. Vodafone continues to retain Globalstar franchise interests and operations in other parts of the world, Globalstar said.

From SkyReport (Used with Permission)