"Amazon is building Amazon Leo, a planned constellation of more than 3,200 low-earth-orbit satellites designed to rival SpaceX's Starlink, the dominant player in satellite internet."
"Globalstar would accelerate Amazon's ambition considerably, bringing with it L-band and S-band spectrum licences, finite, strategically valuable radio frequencies that cannot simply be replicated by launching more satellites."
"Apple invested $1.5 billion in Globalstar, acquiring a 20% stake in the company, which enabled Globalstar to order additional satellites and underpin Apple's Emergency SOS via Satellite feature."
Amazon is in advanced negotiations to acquire Globalstar for approximately $9 billion, aiming to enhance its Leo satellite program. This acquisition would provide access to Globalstar's L-band spectrum and operational infrastructure, crucial for competing with SpaceX's Starlink. The deal is complicated by Apple's 20% stake in Globalstar, which it acquired for $1.5 billion to support its Emergency SOS feature. As of now, no agreement has been finalized, and both companies have declined to comment on the ongoing negotiations.
Read at TNW | Amazon
Unable to calculate read time
Collection
[
|
...
]