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Amazon Targets Satellite Expansion
Amazon is in talks to acquire the satellite telecommunications group Globalstar, a deal that would bolster the e-commerce giant’s effort to build its own low-Earth orbit satellite business.
This move comes as Amazon seeks to rival SpaceX's dominant Starlink network in providing global broadband coverage.
Ongoing Negotiations and Hurdles
The two sides were still negotiating over some of the complexities of a deal after lengthy talks, according to people familiar with the matter.
One complicating factor has been Apple’s ownership of a 20 percent stake in Globalstar, necessitating negotiations between Amazon and Apple, the people said.
