PARIS — Mobile satellite services provider Globalstar Inc. has agreed to seek a strategic investor or find some other source of cash as part of the latest agreement it reached with its creditors, led by the French government, Globalstar said July 7. In exchange for loosening debt covenant deadlines, Globalstar committed to still-stricter spending limits,
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Peter B. de Selding
Peter B. de Selding
Peter de Selding is a Co-Founder and editor for SpaceIntelReport.com. He started SpaceIntelReport in 2017 after 26 years as the Paris Bureau Chief for SpaceNews where he covered the commercial satellite, launch and the international space businesses. He is widely considered the preeminent reporter in the space industry and is a must read for space executives. Follow Peter @pbdes