Apple to invest up to $1.5 bln in Globalstar

Apple Will Invest $1.5B in Globalstar to Expand Satellite Services
The tech company is pledging more money for Globalstar's network of satellites, which power Emergency SOS and messaging.
Globalstar soars on Apple’s $1.7 billion satellite investment
Satellite operator Globalstar stock closed up more than 30% Nov. 1 after disclosing Apple’s plans to inject $1.7 billion for a new constellation to improve space-based communications for iPhones.
Apple puts $1.5bn into Globalstar
Globalstar is the satellite operator supplying emergency SOS and Text messages for Apple’s iPhones. Apple says it wants to expand the service and will invest
Apple to invest up to $1.5 bln in Globalstar for satellite coverage expansion
Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday.
Apple’s $1,5bn Globalstar deal set to change direct-to-device satellite game
Apple plans to invest $1,1-billion in satellite communications company Globalstar alongside a further $400-million for a 20% equity stake in the business. Emma Mohr-McClune, chief analyst: technology at GlobalData,
Apple to expand its satellite services with Globalstar
Apple is becoming a satellite communications company, taking a 20% stake in its existing satellite services provider, Globalstar , as part of a much-expanded deal with the latter. The iPhone maker has agreed to put up to $1.1 billion into the satellite company, deepening its ties with the firm.
Globalstar Expands Satellite Network with Apple Agreement
Globalstar ( (GSAT) ) has shared an update. Globalstar, Inc. has updated its service agreements with Apple Inc. to expand its mobile satellite services network, including launching a new satellite constellation and enhancing ground infrastructure.
A satellite services company is up 31% after announcing Apple is taking a stake
Apple is investing further in infrastructure for its satellite messaging features for iPhones, which enables texting without WiFi or cell service.
Morgan Stanley says Globalstar expanded Apple relationship ‘very encouraging’
After Globalstar (GSAT) filed an 8K disclosing an expanded relationship with Apple (AAPL), Morgan Stanley analyst Simon Flannery noted that
Apple is buying 20 percent of its iPhone satellite services partner
Along with taking a stake in GlobalStar, Apple is prepaying $1.1 billion to expand iPhone satellite connectivity.
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