Title: Apple invests $1.1b in satellite services provider Globalstar
Post by: DP on November 02, 2024, 01:01:47 AM
Post by: DP on November 02, 2024, 01:01:47 AM
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: Apple invests $1.1b in satellite services provider Globalstar (https://www.gsmarena.com/apple_invests_11b_in_satellite_messaging_provider_globalstar-news-65174.php)
...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: Apple invests $1.1b in satellite services provider Globalstar (https://www.gsmarena.com/apple_invests_11b_in_satellite_messaging_provider_globalstar-news-65174.php)