FCC Approves Amazon Leo's $11.... Note
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FCC Approves Amazon Leo's $11.5 Billion Acquisition of Globalstar

Amazon's Leo has received FCC approval for its $11.5 billion acquisition of Globalstar. This move grants Leo crucial infrastructure and spectrum for direct-to-device satellite connectivity. Globalstar is known for providing Apple's emergency satellite services for iPhones and Apple Watches. Apple previously held a 20 percent stake in Globalstar. As part of the deal, Leo will continue powering these satellite services for Apple devices. Leo, a competitor to SpaceX's Starlink, has been expanding its reach. The company currently has 400 satellites in orbit. Leo has also launched satellite internet service in Uzbekistan recently. Furthermore, it is collaborating with Delta to offer in-flight satellite internet. Amazon is planning to deploy over 3,000 low-earth orbit satellites, though this number is less than SpaceX's planned fleet.