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Article: Globalstar, Inc. Announces Quarterly Results for First Quarter of 2007.
- Article from:
- PR Newswire
- Article date:
- May 14, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Service provider shows subscriber growth and decreased monthly churn
MILPITAS, Calif., May 14 /PRNewswire-FirstCall/ -- Globalstar, Inc. , a leading provider of mobile satellite voice and data services to businesses, government and individuals, announced today its financial and operational results for the three months ended March 31, 2007.
"Despite a difficult quarter which included a number of technical challenges while dealing with negative competitive marketing and sales tactics, we continued to show subscriber growth and decreased monthly churn," said Jay Monroe, Chairman and CEO of Globalstar, Inc. "The service issues related to the realignment of ...