Globalstar Inc. (GSAT): Craig-Hallum confirms buy recommendation with 227% upside potential!
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Globalstar Inc. (GSAT) is a provider of satellite communication services, offering voice and data solutions to customers worldwide. On November 1, it was announced that Apple will invest up to $1.5 billion in Globalstar to expand satellite coverage for iPhone services. Apple's investment includes an upfront payment of up to $1.1 billion in cash to finance the construction and operation of the expanded MSS network. These funds also cover infrastructure and debt repayments. Additionally, Apple will acquire 20% of Globalstar's shares for $400 million....
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