latest news releases from the newsroom
Globalstar Signs Agreement to Acquire Brazilian Satellite Gateway Operator and Service Provider
MILPITAS, Calif., Jan. 2, 2008 (PRIME NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), a leading provider of mobile satellite voice and data services to businesses, governments, and individuals, today announced that it has signed an agreement with Loral Space & Communications Inc. and various affiliated entities to purchase the Brazilian Globalstar independent gateway operator, which owns and operates three satellite gateway ground stations in Brazil. The purchase price of $6.5 million will be paid principally in Globalstar common stock.
Purple Communications, Inc.
GoAmerica Announces Update to Closing Timetable and Amendment to Asset Purchase Agreement With MCI Communications Services, Inc.
HACKENSACK, N.J., Jan 02, 2008 -- GoAmerica, Inc. (Nasdaq:GOAM), a provider of communications services for people who are deaf, hard-of-hearing, or speech-disabled, today announced that it has entered into an amendment to its asset purchase agreement with MCI Communications Services, Inc. relating to the Company's acquisition of Verizon's Telecommunications Relay Services (TRS) division. The amendment extends the termination date of the asset purchase agreement to January 10, 2008, requires GoAmerica to increase its deposit from $1 million to $2 million and reduces the cash payment due from GoAmerica at closing by $4 million. The extension and amendment also provides for GoAmerica to release MCI from certain potential claims that could arise under the Asset Purchase Agreement.