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Amazon plans to acquire 20% of Globalstar shares held by Apple as part of its acquisition of satellite communications service Globalstar

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2 min read
  1. Amazon disclosed plans to acquire Globalstar and, via a subsidiary, buy Apple’s 20% stake in the company.

  2. The move is meant to bolster Amazon Leo’s satellite service and improve direct-to-device connectivity.

  3. Amazon is positioning the deal to expand coverage for consumer and enterprise devices.

  4. The acquisition could sharpen Amazon’s competition with SpaceX-led rivals in the fast-growing D2D satellite market.

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