Apple Expands Globalstar Relationship to Support Growing Satellite Services
Globalstar today announced an amended agreement with Apple that will see an expansion of the satellite services that support Apple features
Apple to expand its satellite services with Globalstar
Apple is becoming a satellite communications company, taking a 20% stake in its existing satellite services provider, Globalstar , as part of a much-expanded deal with the latter. The iPhone maker has agreed to put up to $1.1 billion into the satellite company, deepening its ties with the firm.
Apple Wants More Satellites and Ground Stations for iPhone Satellite SOS
As part of the expanded deal, Apple has pledged to prepay an additional $1.1 billion to expand Globalstar's satellite service capacity. Plus, the iPhone maker has invested $400 mi
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 to invest up to $1.5 bln in Globalstar for satellite coverage expansion
Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday.
Globalstar jumps 59% after expanding satellite services deal with Apple
Shares of Globalstar (GSAT) are up 62c, or 59%, to $1.67 in pre-market trading. Published first on TheFly – the ultimate source for
Apple To Bolster iPhone Satellite Services With $1 Billion Investment
The funding will go to company partner Globalstar, which plans on building a new satellite constellation to power Apple services.
Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services
Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services.
Apple to invest up to $1.5 billion in Globalstar to enhance satellite coverage
Apple is making a major move to strengthen satellite connectivity by investing up to $1.5 billion in Globalstar. This ambitious investment is aimed at expanding Apple’s emergency SOS service for iPhone users,
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