| Business Summary | | Globalstar
Telecommunications
Limited
(GTL)
operates
in
one
industry
segment,
satellite
telecommunications,
providing
global
mobile
and
fixed
wireless
voice
and
data
services.
GTL's
sole
asset
is
its
investment
in
Globalstar
L.P.
Globalstar
commenced
commercial
operations
in
the
first
quarter
of
2000,
and
as
of
February
15,
2001,
was
providing
service
through
25
gateways,
with
an
additional
operational
gateway
awaiting
licensing
approval.
Those
25
gateways
provide
coverage
to
109
countries,
including
all
of
North
and
South
America
(excluding
northwestern
Alaska
and
portions
of
Canada
above
70
degrees
north
latitude),
Europe
and
Russia.
Of
the
109
countries,
more
than
half
currently
operate
in
full
commercial
service.
As
of
December
31,
2000,
GTL
had
approximately
31,000
commercial
subscribers
on
the
system.
For
calendar
year
2000,
the
Company
registered
approximately
6,604,000
billable
minutes
of
use. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Globalstar
Telecommunications
Ltd.
owns
and
operates
a
satellite
constellation
that
forms
the
backbone
of
a
global
telecommunications
network
designed
to
serve
virtually
every
populated
area
of
the
world.
For
the
three
months
ended
3/31/01,
the
Company
reported
no
revenues.
Net
loss
applicable
to
Common
decreased
64%
to
$33.4
million.
Results
reflect
an
decrease
in
equity
losses
in
Globalstar
L.P. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Olof Lundberg, 57 Chairman,
Acting CEO | -- | Anthony Navarra, 52 Pres | $423K | Eric Zahler, 49 Vice
Chairman | -- | Michael DeBlasio, 63 Sr.
VP, Director | -- | Avi Katz, 41 VP,
Sec. | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|