Amazon is in advanced discussions to acquire Globalstar, valuing the satellite telecommunications group at about $9 billion, according to the Financial Times and confirmed by Reuters. Amazon’s Leo satellite program seeks to utilize Globalstar’s L-band spectrum and infrastructure to compete with SpaceX’s Starlink. Negotiations are complicated by Apple’s 20% stake in Globalstar, which supports the Emergency SOS feature on iPhones. Both companies are still negotiating, with no agreement yet signed. Globalstar saw significant share value gains following the news, driven by its valuable spectrum holdings. A successful acquisition would give Amazon a significant head start in developing infrastructure to compete against Starlink for consumer, business, and government markets. However, Amazon must address Apple’s operational dependency on Globalstar before proceeding.
Amazon in Discussions to Acquire Globalstar for $9 Billion
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