US approves Amazon Globalstar deal
The FCC has approved Amazon Leo's 11.5 billion dollar acquisition of Globalstar. The deal expands Amazon's satellite network to compete with SpaceX and provide direct-to-device services.
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AMAZON.COM INC secured regulatory clearance on Tuesday from the United States agency for its $11.5 billion acquisition of GLOBALSTAR INC to challenge rivals in orbital connectivity. The transaction adds two dozen active satellites and mobile spectrum to Amazon's burgeoning space network. The retail giant aims to deploy thousands of low-Earth orbit satellites by 2029 to rival established broadband providers.
