Apple Commits $1.5 Billion To Globalstar For Expanded IPhone Satellite Services
The company will invest up to $1. 5 billion in globalstar to expand its iphone communication services, as announced in a regulatory filing on friday. The satellite operator has agreed to allocate 85% of its network capacity for apple services. The $1. 1 billion will serve as a prepayment for expanded satellite services on the. Apple has committed to investing about $1. 5 billion in globalstar, the company whose network of satellites provide communications services to. Satellite operator globalstar stock closed up more than 30% nov.
Updated on nov 2, 2024 at 08:05 am ist. Apple will invest up to $1. 5 billion in globalstar to fund the expansion of its iphone communication services, the satellite. Apple committed about $1. 5 billion to satellite communications company globalstar to fund the expansion of iphone services, the companies disclosed in a securities filing on friday.