Globalstar fulfills ongoing initiative through $1 billion investment to expand space and ground infrastructure to support its existing and third-gen C-3 systems

Globalstar (NASDAQ: GSAT), a next-generation telecommunications infrastructure and technology provider, today announces significant progress towards its $2 billion pledge made to the International Telecommunication Union (ITU) Partner2Connect initiative in March 2025. The company has now surpassed more than 50 percent of its commitment, investing over $1 billion to strengthen its global satellite network and expand broadband and IoT connectivity capabilities worldwide.

As part of this initiative, Globalstar has commissioned new replacement satellites to replenish its existing constellation and commenced the global buildout of its third-generation C-3 system, including both space and ground elements. The C-3 initiative represents the foundation for Globalstar’s next era of mobile satellite services, designed to deliver higher capacity, greater resiliency, and enhanced support for data-driven applications across enterprise, government, and consumer markets.

In addition to making substantial progress on the space segment, to date, Globalstar has also announced ground station construction projects at 14 sites in 8 countries across 4 continents, reinforcing the company’s growing global footprint and its commitment to universal connectivity.

“When we made our $2 billion pledge to the ITU, we committed not just to expanding our network, but to strengthening the resilience, coverage, and reliability of satellite communications for users everywhere, including those operating in remote or underserved regions,” Globalstar CEO Dr. Paul E. Jacobs said. “Crossing the halfway mark of this investment highlights our execution discipline and long-term vision to build on our legacy of reliability and innovation to meet the world’s growing demand for secure, ubiquitous communications.”

Globalstar confirmed that the program remains on schedule to meet its pledge implementation deadline. The company’s pledge forms part of its broader mission to advance universal, affordable, and sustainable connectivity, in line with the ITU’s global development goals.

Globalstar will be participating at the ITU’s World Trade Development Conference in Baku this month, holding bilateral meetings with numerous delegations attending from ITU Member States.

About Globalstar, Inc.

Globalstar is a global telecommunications provider connecting what matters most. Through our industry-leading low Earth orbit (LEO) satellite constellation and licensed Band 53/n53 spectrum, we deliver reliable satellite and terrestrial connectivity solutions that empower customers worldwide to connect, transmit, and communicate smarter.

Our comprehensive connectivity ecosystem includes software-defined, purpose-built private wireless network platform, coupled with Globalstar Band 53 in XCOM RAN™ and trusted GPS messengers Saved by SPOT™ for safety and personal communication for business and enterprise applications.

Serving business, enterprise, and consumer markets across the globe, Globalstar supports applications that track and protect assets, enable automation, enhance operational efficiency, and safeguard lives. With unmatched reach and a relentless focus on innovation, and mission-critical performance, we're redefining what's possible for global connectivity.

To learn more, visit www.globalstar.com.

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