Paul Jacobs : Yes. I think, look, there’s plenty of companies that are trying to compete in this mega constellation space. Obviously, there’s one that’s providing fixed wireless access right now. So yes, I think people are going to try for it. The question is, and as we’ve seen in the past that whether the economics actually work out, and that is remains to be proven because it kind of goes to what you said, which is what incremental value is that created for a consumer or an enterprise to be willing to pay the cost of providing that kind of capability through a space-based system. What we’ve been focused on at Globalstar is sort of at the low end of the market, like what can we do that’s cheap and ubiquitous, very widespread can serve a lot of users and one of the ways of serving a lot of users is because users don’t necessarily need to use the system all the time.
And so that just providing that connectivity not necessarily but throughput, but the connectivity is what’s important. So that information can get back. And then if you need to focus in on some given device and get more data out of it, that would be kind of the next step of it. So in summary, I think it’s going to depend on consumer willingness to pay for having very high data rate connections through a satellite connection. And that, I think, remains to be seen.
Walter Piecyk : Just one last question on that. Do you foresee that being achieved through the terrestrial spectrum being placed in satellites? The stuff that’s already in the cell phones or the satellite spectrum being better utilized in the devices themselves.
Paul Jacobs : I mean it depends on the frequency band. I mean, obviously, Globalstar has a good frequency band for mobile devices. Some of the other ones are a little harder. But — so I think most of what you’ve seen has been some combination, but it’s been low-band spectrum. Some people are trying spectrum that’s already been licensed for cellular technology. And others like us are using spectrum that was allocated for satellites. So it’s not really what the license regime is so much as what the bands are and how conducive they are to mobile use.
Walter Piecyk : Which prefers low band is what you’re saying?
Paul Jacobs : Yes. I mean the bands where we are seem quite good. So…
Operator: I’m showing no further questions at this time. I would now like to turn it back to Paul for closing remarks.
Paul Jacobs : Great. Thanks, everybody, for joining us and for the great questions and the interest in Globalstar. Like I said, there’s a lot underway at Globalstar right now. We’re working on the new satellites, and we’re working on new products and expanding the capabilities of the Band 53. And obviously, we got a lot of work to build out new revenues, both in the IoT space, in the private network space on our legacy systems and on our wholesale, so all the pillars of the company. We’re excited about it. I’m really happy to be here at Globalstar, and I also just wanted to thank all the team members at Globalstar for their hard work this quarter and for the great results. So thank you very much, and look forward to talking to you at the next earnings call.
Operator: Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.
