FCC filing shows Amazon plans to acquire Apple’s 20% stake in Globalstar
Amazon has filed with the FCC to acquire Apple's 20% stake in Globalstar as part of its larger acquisition of the satellite company. This move follows Amazon's recent announcement of its $11.6 billion deal to acquire Globalstar. The acquisition is expected to enhance Amazon's satellite services while maintaining existing operations with Apple.
- ▪Amazon plans to acquire Apple's 20% stake in Globalstar as part of its acquisition of the company.
- ▪The deal will not disrupt Globalstar's existing work with Apple, according to Amazon's FCC filing.
- ▪Amazon aims to expand its satellite services beyond Apple's ecosystem with this acquisition.
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