US agency approves Amazon Leo's $11.5 billion acquisition of Globalstar

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 28 Oct, 03:41 UTC

The Federal Communications Commission said Tuesday it has approved Amazon Leo's $11.5 billion deal to acquire Globalstar as the retail giant's satellite arm aims to build a satellite-based communications network to take on Elon Musk's SpaceX Starlink unit.

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Sources

• T1US agency approves Amazon Leo's $11.5 billion acquisition of GlobalstarEconomic Times — Tech / Technology / Startups / ETTelecom28 Oct, 03:41