UPDATE: GlobalStar (GSAT) Shares Jump on Release of FCC Letter

August 26, 2016 2:24 PM EDT

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(Updated - August 26, 2016 2:29 PM EDT)

GlobalStar (NYSE: GSAT) shares were active Friday, rising over 8%. Trader circulated an FCC Letter from Chairman Tom Wheeler discussing conditions of deployment of its terrestrial Wi-Fi network.

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