Friday, November 1, 2024

Apple to Invest Up to $1.5 Billion in Globalstar for Satellite Coverage Expansion

Apple is set to invest as much as $1.5 billion in Globalstar, as the iPhone maker looks to enhance the satellite communication services available on its smartphones. The agreement includes a $1.1 billion cash investment by Apple, along with a $400 million purchase for a 20% equity stake in Globalstar. The satellite firm plans to allocate some of the investment towards...

from Gadgets 360 https://ift.tt/tl0F4Tg

No comments:

Post a Comment

Mahindra XUV 3XO REVX EDGE launched at ₹9.39 lakh; petrol automatic variant added to REVX M(O)

Mahindra has launched the new XUV 3XO REVX EDGE starting at ₹9.39 lakh. A petrol automatic variant of the REVX M(O) was also introduced for ...