International Companies

Apple to expand iPhone satellite capability with £1.5bn commitment

By Josh White

Date: Friday 01 Nov 2024

(Sharecast News) - Apple strengthened its partnership with satellite communications firm Globalstar, it was reported on Friday, by committing around $1.5bn to expand iPhone satellite services, according to a recent securities filing.
The deal, according to CNBC, included $1.1bn in cash, with $232m earmarked to help reduce Globalstar's existing debt, granting...

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