LA PLATA, Maryland — Amazon Inc. is purchasing mobile satellite service provider Globalstar Inc. in a transaction that values the company at $11.57 billion, a 23.5% premium over where Globalstar’s stock closed April 13 on the Nasdaq exchange, after having secured the endorsement of Apple, Globalstar’s sponsor.
Apple has reserved 85% of the capacity on the Globalstar constellation and is financing 85% of the capex for Globalstar’s future satellites. Securing Apple’s place as Globalstar’s cornerstone customer was key to securing the . . .
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