Globalstar Inc. (GSAT) stock soared by 6.31% during Wednesday's trading session, as the company announced a collaboration agreement with Hawk Networks to offer its Band 53 spectrum on Hawk's platform.
The collaboration aims to revolutionize how operators access and utilize wireless spectrum by providing a more efficient and flexible approach. Through this partnership, Globalstar's versatile Band 53 spectrum will be bundled with core network components and essential infrastructure, simplifying the procurement process for operators of all sizes.
According to Deborah Simpier, CEO of Hawk Networks, "This is not just another spectrum announcement – it is a pivotal shift that makes spectrum available when you need it and where you need it, accelerating both deployment and innovation in the telecom industry." The streamlined approach promises to reduce extended wait times and eliminate complexities, enabling operators to access the spectrum and tools needed to build and expand their networks efficiently.
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