Apple invests $1.1b in satellite services provider Globalstar

[DP]

Apple invests $1.1b in satellite services provider Globalstar

...Apple announced its Emergency SOS via satellite feature with the iPhone 14 series back in 2022 using US-based satellite services provider GlobalStar's infrastructure. In a new development, Apple has committed $1.1 billion in a new deal with Globalstar to expand the latter's satellite infrastructure capacity................In addition, Apple now owns 20% of Globalstar via an equity deal worth $400 million. These investments are expected to help significantly boost Globalstar's capacity to handle satellite messaging requests from iPhone users.......Apple's Emergency SOS via satellite service initially......

Source: You are not allowed to view links. Register or Login