Globalstar, Inc. (AMEX:GSAT) Q4 2023 Earnings Call Transcript

Paul Jacobs: Yes. I mean, obviously, that’s going to provide new services if it gets done. And so we’re watching that and, obviously, have great relationships with cellular operators. So we talked to them a lot about where the opportunities are and also what the competitive responses are going to be. But one of the things that we like the most is really shows the support of using spectrum and satellites to go direct to devices. Obviously, we’ve been in the forefront of doing that so far. So yes, I think it’s going to be interesting to see how that plays out. Obviously, if you’re building a network around mobile network operator spectrum, you got to go around the world and as we federate all those different things, whereas one nice thing is with Globalstar, we have spectrum around the world and it’s kind of a one-stop shop.

So there’s definitely pluses and minuses to it and obviously, go in and talk to the FCC. While they are also interested in the mobile network spectrum, there’s a lot of support already for existing mobile satellite service operators as well. They see that there’s going to be a good competition set up in the marketplace and that’s what U.S. is all about. It’s creating opportunities for innovators to do well. So we expect to innovate.

Operator: All right. I am showing no further questions at this time. I would now like to turn it back to Paul Jacobs for closing remarks.

Paul Jacobs: Thanks, everybody. And once again, it was a great 2023. And like I said, it really sets us up well for the future to have the company in such a good position and financials better. We’re looking forward to launching new satellites as well. And yes, we are investing in some new initiatives. Hopefully, you can see that we’re thoughtful about that and those new initiatives are already bearing fruit. So along with where we’ve been going on the existing initiatives and what the company has built to date, we’re excited about what’s coming for the future and we look forward to sharing more about that in the coming weeks and months and years ahead. So, thanks everybody for your support and we look forward to talking to you next time.

Operator: All right. Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.