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FCC approves Amazon Leo's $11.5 billion Globalstar acquisition
Original: FCC clears Amazon Leo to acquire mobile-satellite operator Globalstar Amazon Leo's $11.5 billion acquisition of mobile-s
The FCC has approved Amazon Leo's $11.5 billion acquisition of mobile-satellite operator Globalstar. The deal, combining Amazon's satellite venture with Globalstar's spectrum and satellite assets, received regulatory clearance in the United States. Observers are weighing what the approval means for competition in satellite connectivity against rivals like SpaceX's Starlink.
Why now: Regulatory approval of a major multibillion-dollar satellite acquisition has just been announced, with implications for the satellite internet market.
Evidence
- FCC clears Amazon Leo to acquire mobile-satellite operator Globalstar Amazon Leo's $11.5 billion acquisition of mobile-satellite operator Globalstar has been approved by the FCC. https://www. engadget.com/2299367/fcc-clear… · techwire@gamefan.net · 1
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