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Satellite competition with FCC approval to acquire Amazon and Globalstar
Open Time: October 28, 2026 03:25 KST The Federal Communications Commission FCC has approved Amazon Leo's deal to acquire Globalstar. The volume of the transaction is reported to be about $11.5 billion, and Amazon intends to expand its satellite Internet business using Globalstar's satellites and mobile communication frequency assets. The important thing is that we have laid the groundwork to enter the market where smartphones communicate directly with satellites rather than simply acquiring a company. but FCC approval and transaction
