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Amazon to acquire Globalstar, expand Amazon Leo satellite network, for about $11.5bn

( April 14, 2026, 13:37 GMT | Official Statement) -- MLex Summary: Amazon has agreed to acquire Covington, Louisiana-based Globalstar for about $11.5 billion. The deal would enable Amazon Leo to add direct-to-device services to its low Earth orbit satellite network and extend cellular coverage to customers beyond the reach of terrestrial networks. Amazon and Apple also announced an agreement for Amazon Leo to power satellite services for iPhone and Apple Watch, including Emergency SOS via satellite. The deal is expected to close in 2027. Excerpt:...

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