Amazon is trying to buy Globalstar to compete with SpaceX's Starlink
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
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.
Amazon wants in on the low-Earth orbit Internet action.
Acquiring the satellite group would accelerate Amazon’s push to compete with Elon Musk’s SpaceX and its Starlink orbital Internet service.
No deal had been finalized and discussions could yet shift or collapse, the people warned.
