Amazon is trying to buy Globalstar to compete with SpaceX's Starlink
Amazon wants in on the low-Earth orbit Internet action.
Amazon is in talks to acquire the satellite telecommunications group Globalstar, a deal that would bolster the e-commerce giant’s effort to build its own low-Earth orbit satellite business. The two sides were still negotiating over some of the complexities of a deal after lengthy talks, according to people familiar with the matter. One complicating factor has been Apple’s ownership of a 20 percent stake in Globalstar, necessitating negotiations between Amazon and Apple, the people said.Read full article Comments
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Amazon wants in on the low-Earth orbit Internet action. Amazon is in talks to acquire the satellite telecommunications group Globalstar, a deal that would bolster the e-commerce giant’s effort to build its own low-Earth orbit satellite business.
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