Globalstar and QUALCOMM sign multi-year deal
MILPITAS, Calif., (June 16, 2005) — Globalstar LLC, the world’s most widely used handheld satellite phone provider and supplier of satellite voice and data services, announced that it has entered into a $140 million multi-year agreement with QUALCOMM Inc.,
The joint venture includes the manufacturing of next-generation satellite voice and data products. This agreement confirms QUALCOMM’s continued involvement and commitment to the current production of Globalstar satellite handsets, fixed terminals and data modem hardware, Globalstar says.
“In the near term, the agreement enables Globalstar to ensure an uninterrupted supply of mobile handsets and fixed units,” Jay Monroe, CEO and Chairman of Globalstar, said in a press release.
“It also assures QUALCOMM’s future involvement in the production of our next-generation satellite voice and data products.”
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.