Dallas, Texas 06/29/2015 (Financialstrend) – Globalstar, Inc. (NYSEMKT:GSAT) has been looking to establish itself outside of North America, in recent years. This has finally resulted in the company setting foot in the emerging markets of Africa, by partnering local gateway giant Broadband Botswana Internet.
Globalstar with setting up of the partnership will now provide marketing support to African businesses as well as government users. It will provide support for verticals including energy, trucking, animal preservation, and agriculture as well as government services. It will also assist people from specific fraternities such as sports or adventurers as well, with several services customized for such fields of activity.
Globalstar, Inc. (NYSEMKT:GSAT) services in the African continent will be available via the gateway set up at Gaborone, Botswana. Post activation of the service, it ensures simplex coverage of services in Africa. It will include Spot portfolio of affordable tracking solutions. The service network will allow monitoring of a wide spectrum of events. Infrastructure monitoring, Machine-to-Machine communications as well as internet of things for corporate as well as professional users, are some of the simplex services.
Globalstar, Inc. (NYSEMKT:GSAT) CEO, Jay Monroe had earlier in March, announced the companies overseas opportunities. Monroe had remarked that Africa would be a focal point for the company through the year. At a later interview in spring, Monroe had added further to his overseas venture comments, reporting that the company would address duplex coverage in the next year and half in Africa as well as Asian regions.
The African beginning has set Globalstar’s share prices soaring, posting substantial gains. The beginning of services in the emerging markets will allow Globalstar to offer its services outside of the North American continent and capture a large market share in the segment it operates on international services as well. Its ventures into other African nations and Asia, is an upside, which investors are likely to back in the long term.