Amazon to Acquire Globalstar, Expand Leo Network
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- Amazon agreed to acquire satellite operator Globalstar in a deal set to close in 2027 to expand its Leo satellite internet service.
- Apple and Amazon announced that Amazon's Leo will power satellite services for some iPhone and Apple Watch models.
Why it matters: The deal hands Amazon a satellite-network footprint through Globalstar while converting Apple into a major Leo customer — moving iPhone and Watch satellite features onto Amazon's infrastructure rather than a third-party operator. Coverage pegs the deal at $11.5B to $16.3B.
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