FCC approves Amazon’s acquisition of Globalstar
The deal will allow Amazon to integrate Globalstar’s existing satellite assets into its own space internet service Leo. Read more: FCC approves Amazon’s acquisition of Globalstar
The US Federal Communications Commission (FCC) has approved Amazon's $11.5 billion acquisition of satellite telecommunications provider Globalstar, allowing Amazon to integrate Globalstar's existing satellite assets into its own space internet service Leo. The deal, first announced in April, aims to enhance data coverage in unserved or underserved areas, strengthen emergency communications capabilities, foster growth in industrial and enterprise data services, and promote more intensive use of mobile-satellite service spectrum.
FCC chair Brendan Carr emphasized that the approval is a "significant step towards supercharging next-generation connectivity" and will empower Amazon Leo to deliver fast, next-gen satellite broadband services, increase competition, and help communities stay connected across the country.
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- US agency approves Amazon Leo's $11.5 billion acquisition of Globalstar economictimes.indiatimes.com
- US agency approves Amazon Leo’s $11.5 billion acquisition of Globalstar channelnewsasia.com