Amazon Plans to Buy Apple’s 20% Globalstar Stake, iPhone Satellite Connectivity Remains Stable
Amazon has finalized an $11 billion acquisition deal involving satellite operator Globalstar. However, the transaction also includes a requirement to buy out Apple’s 20% stake in the company. Apple previously signed a $1.1 billion commitment with Globalstar in 2024, which included a $400 million share purchase. Amazon is expanding its satellite internet ambitions through its […]













