globalstar as a corporate entity is in such a weak and precarious financial position (due to its near obsolete satellite tech and existing network), with no mon

globalstar as a corporate entity is in such a weak and precarious financial position (due to its near obsolete satellite tech and existing network), with no money to fund the many hundreds of millions needed for a new build+launch campaign, that any partnership of this type is a life saver. without this deal it would be inevitable for the company to get acquired and broken up for just the value of its operating and spectrum licenses.