Amazon to acquire Globalstar and expand Amazon Leo satellite network
10 hours ago
- #mobile-technology
- #corporate-acquisition
- #satellite-connectivity
- Amazon will acquire Globalstar to enable direct-to-device (D2D) services for its Amazon Leo satellite network, enhancing connectivity beyond terrestrial cellular coverage.
- A new agreement with Apple allows Amazon Leo to power satellite services for iPhone and Apple Watch, including Emergency SOS via satellite, for features like messaging and roadside assistance.
- Amazon plans to deploy its own next-generation D2D satellite system by 2028, offering higher spectrum efficiency and integration with existing Leo systems for global connectivity.
- The acquisitions and partnerships aim to accelerate innovation, strengthen resilience in emergencies, drive economic growth, and close the digital divide worldwide.
- Globalstar stockholders will receive either cash or Amazon stock in the merger, with the transaction expected to close in 2027, pending regulatory approvals and milestones.