Yhn BusinessBusiness first seen 3 d ago, last 1 h ago, peak #3
US agency approves Amazon Leo's $11.5B Globalstar acquisition
Original: US agency approves Amazon Leo’s $11.5B acquisition of Globalstar
A US regulatory agency has approved Amazon Leo's $11.5 billion acquisition of satellite operator Globalstar, clearing a major step for the deal. The move advances Amazon's push into satellite connectivity, positioning it more directly against rivals in the satellite internet market such as SpaceX's Starlink. The approval is drawing attention from tech and telecom observers tracking the race for low-Earth-orbit satellite coverage.
Why now: Regulatory approval of a multibillion-dollar satellite deal signals a big shift in the satellite internet race, drawing wide tech and telecom interest
Amazon LeoGlobalstarSpaceX Starlink
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