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Globalstar's parent company slowly stirs 5G assets


For nearly 20 years, Thermo Companies has been quietly making investments in the telecom space by mixing together a blend of 5G assets that includes midband spectrum holdings, fiber transport and technologies related to spectrum efficiency.
However, it s unclear what the investment firm s end goal is. These investments don t work together like a perfect puzzle at this point. We are trying to get them to be, but we aren t there yet, said Kyle Pickens, VP of strategy at Globalstar and a partner at Thermo Companies.
Globalstar ties
Thermo is probably best known for its majority ownership of Globalstar. In 2004, the company, which was founded by Jim Lynch and Jay Monroe, invested $700 million in the bankrupt satellite company, not just because it saw potential in the satellite services but also because of Globalstar s spectrum assets. We thought there was value in the terrestrial spectrum, said Pickens. ....

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