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Stock impact report

Amazon Globalstar Talks Put Satellite Push And Valuation In New Focus [Yahoo! Finance]

Globalstar, Inc. (GSAT) 
Last globalstar, inc. earnings: 2/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: globalstar.com/investors
Company Research Source: Yahoo! Finance
Amazon.com (NasdaqGS:AMZN) is reportedly in advanced talks to acquire satellite telecom company Globalstar. The potential deal would expand Amazon's presence in satellite communications beyond its existing Project Kuiper plans. Apple is a significant equity holder in Globalstar, adding a competitive and partnership angle to any transaction. For you as an investor, this potential move puts Amazon's satellite ambitions in a different light. The company is already building out Project Kuiper and has been signing connectivity agreements with partners such as Delta Air Lines, and Globalstar could add an established satellite network and telecom relationships to that mix. The possible overlap with Apple through Globalstar creates an unusual setup, where both companies could end up sharing infrastructure exposure or competing more directly in satellite services. If negotiations progress, the structure of any deal, governance rights, and how Amazon integrates Globalstar with Kuiper w Show less Read more
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