Thursday, September 23, 2010

Correction: FCC Gives 4 Month Stay to Globalstar & Open Range 09/23/2010 San Francisco (Corrected Copy of Previous Post) - The Federal Communications Commission (FCC) this morning released a Reconsideration Order which allows mobile satellite service (MSS) provider Globalstar, Inc. (NasdaqGS: GSAT) and rural wireless broadband provider Open Range Communications to remain in business, using previously licensed radio frequency spectrum and under specified conditions, for a temporary period ending January 31, 2011.

The Special Temporary Authority (STA) comprising the Order on Reconsideration, issued today by the heads of the Commission's International Bureau, Wireless Telecommunications Bureau, and the Office of Engineering and Technology, thus gives the 2 carriers just over 4 months to stay in business with their current allotments of precious spectrum.

FCC Reconsideration Order - DA-10-1801A11 Issued 09-23-2010 
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