GLOBALSTAR GETS APPROVAL FOR SATELLITE LAUNCHES.

The US satellite telecommunications company Globalstar Telecommunications Ltd. said on, January 26 it won approval to resume launching satellites from Kazakhstan, which will allow it to have 32 satellites in orbit by the summer and to begin commercial service in September. Globalstar's previous launch schedule was derailed in September, after the company lost 12 satellites worth USD180 million during a launch failure in Kazakhstan. Globalstar said it won permission to resume launches after the United States, Kazakhstan and Russia signed an agreement governing the conditions under which US satellites can be launched from Baikonur, Kazakhstan. Globalstar will use a satellite network to provide people around the world with fixed-phone and hand-held mobile satellite phone services, as well as data transmission, paging, facsimile service and position location services. Globalstar said it will launch...