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Apple sinks $1.1 billion into Globalstar’s satellite network, takes ownership stake
Apple sinks $1.1 billion into Globalstar’s satellite network, takes ownership stake If you had any idea that satellite connectivity isn’t a key part of Apple’s strategy, well, the company’s satellite partner Globalstar has disclosed changes to its deal with Apple, including a new influx of $1.1 billion from Apple tied to capital improvements, and $400 million in equity, which gives Apple a 20-percent stake in the company.…
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