Why Globalstar Inc. Stock Plunged Today

Image source: Globalstar, Inc.

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What happened

Shares of Globalstar, Inc. (NYSEMKT: GSAT) were down 14.5% as of 11:40 a.m. EST after the satellite communications company revealed it is seeking to narrow its request in an ongoing FCC proceeding to allow Terrestrial Low Power Service (TLPS).

So what

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