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Apple, iPhone
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.
Apple to Bolster iPhone Satellite Services With $1 Billion Investment
Apple will spend up to $1.1 billion to expand satellite connectivity on iPhones. The news comes from Globalstar, a satellite communications provider that powers the Emergency SOS feature on newer iPhone models.
HowToGeek on MSN
13h
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 ...
1d
Apple Satellite Connectivity Provider Globalstar Stock Surges After Deal Extension
Globalstar's stock surges after announcing an expanded partnership with Apple worth $1.1 billion for enhanced satellite ...
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