![]() As of December 31, 2020, it had approximately 745,000 subscribers. The company distributes its products directly, as well as through independent agents, dealers and resellers, retailers, IGOs, and sales force and e-commerce Website. Further, it sells wholesale minutes to independent gateway operators (IGOs) and provides engineering services, such as hardware and software designs to develop specific applications and installation of gateways and antennas. In addition, the company offers commercial Internet of Things one-way transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets. It also provides SPOT consumer retail products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions and SPOT Trace, an anti-theft and asset tracking device. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships and data modem services and equipment. provides mobile satellite services worldwide. It also bodes well for Qualcomm and Apple to establish a major position in IoT. This looks to be a long term investment that might turn into a monstrously profitable enterprize. It looks like GSAT Apple and Qualcomm are is stealth mode until they can capture the most important It is the spectrum that Qualcomm and Apple chose so they are in effect tenants of the Real Estate GSAT owns and Apple is paying 90% of the costs to the improvements of the Real Estate so it fits Apple's purpose. GSAT owns the Real Estate here on this very important spectrum. This might not be about satellite phone connection at all but about Industrial connections to the IoT. This might also signal Apple and Qualcomm are moving in on IoT heavier. This is an incredible deal for GSAT they are in effect partnered with Apple and Qualcomm. This requires debt but Apple is paying 90% of the cost. GSAT is setting up to be the major player in Satellite Communications and IoTs. ![]() This should add some debt to GSAT but only 10% of the costs of this tremendously valuable asset on the cutting edge of IoT. Apple is paying for 90% of the new satellites that will be launched and GSAT only 10%. They most importantly OWN the radio spectrum the Qualcomm built in connection to its latest communications chip. It plans to be the major player in The Internet of Things (the major future evolution of the internet) connecting things like ships at sea, remote cell towers and major industrial installations. It also means it has the latest and best technology as well as the newest satellites. Therefore it has the most debt as it is in start up mode. ![]() It is a new player compared to the other communication satellite company. Which makes it a small to mid cap company not a penny stock. GSAT is a well backed company with some big institutional investors.
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