Amazon says to buy Globalstar to expand satellite network
PARIS, France (AFP) — Amazon said Tuesday that it had signed a deal to buy the United States (US) telecoms satellite group Globalstar to expand its own space-based internet network and compete with Elon Musk's Starlink. Amazon said it would make a cash-and-stock offer worth US$90 to shareholders in Globalstar, which has a market value of around US$9 billion, according to a Financial Times report this month flagging the deal. The...
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