HeadlinesBriefing HeadlinesBriefing.com

FCC Approves Amazon Leo's $11.5B Acquisition of Globalstar

Engadget •
×

The US Federal Communications Commission has approved Amazon's $11.5 billion acquisition of mobile-satellite operator Globalstar. This deal is designed to expand Leo's space-based footprint and enable direct-to-device service for its growing satellite network. The FCC noted the deal will likely benefit the public by enhancing data coverage in underserved areas.

Previously, Globalstar provided Apple's emergency satellite connectivity for iPhones and Watches, and Apple held a 20% stake in the company prior to the takeover. As part of the agreement, Leo will power satellite services for supported iPhone and Apple Watch models. Amazon's Leo, a rival to SpaceX's Starlink, aims to deploy over 3,000 low-earth orbit satellites and has recently partnered with Delta to bring satellite internet to flights.

Source: Engadget · Summarized by HeadlinesBriefing