Closed joint stock company GlobalTel (Globalstar - Space Communications) is the exclusive operator of the Globalstar global mobile and fixed satellite system in the Russian Federation. The company was established in 1996. Founders of CJSC GlobalTel are OJSC Rostelecom, long distance and international communications operator in Russia, and Globalstar L.P., an international consortium created by Loral Space & Communications (New York) and Qualcomm (San Diego). Utilizing 48 low earth orbit satellites, the Globalstar system covers practically the entire globe between 74° south and north latitudes. At present, Globalstar services are provided in more than 100 countries throughout the world, (additional information can be obtained at www.globalstar.com, the official site of Globalstar L.P.).