What Happened
Ecommerce Giant Expands Satellite Network Capabilities
Amazon has announced the acquisition of Globalstar in a $11.6 billion deal, expanding its low Earth orbit (LEO) satellite network capabilities. The acquisition includes an agreement with Apple to provide satellite services for iPhones and Apple Watches. According to analysts, the deal is a win-win for all parties involved, but it may not be enough for Amazon to catch up with Starlink. The acquisition was reported by RCR Wireless News.