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Apple, Globalstar
Apple Will Invest $1.5B in Globalstar to Expand Satellite Services
The tech company is pledging more money for Globalstar's network of satellites, which power Emergency SOS and messaging.
Apple is buying 20 percent of its iPhone satellite services partner
Apple is taking a 20 percent stake in its iPhone satellite connectivity partner GlobalStar — a stake worth $400 million — as part of an expansion of its deal with the company. GlobalStar will also receive a prepayment of $1.1 billion from Apple that is intended to improve satellite infrastructure.
Globalstar Expands Satellite Network with Apple Agreement
Globalstar ( (GSAT) ) has shared an update. Globalstar, Inc. has updated its service agreements with Apple Inc. to expand its mobile satellite services network, including launching a new satellite constellation and enhancing ground infrastructure.
Tidbits
17h
Apple to Invest $1.5 Billion in Globalstar
If you had any idea that
satellite
connectivity isn’t a key part of
Apple
’s strategy, well, the company’s
satellite
partner
Globalstar
has disclosed changes to its deal with
Apple
, including ...
HowToGeek on MSN
9h
Apple Wants More Satellites and Ground Stations for iPhone Satellite SOS
Globalstar will use fresh Apple money to create, launch, and maintain the new satellite network and build additional ground ...
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