FCC approves Amazon Leo's $10.8bn acquisition of Globalstar, citing direct-to-device competition

The US Federal Communications Commission approved Amazon Leo's $10.8 billion acquisition of satellite operator Globalstar, saying the deal will expand direct-to-device competition, strengthen emergency communications and improve service in unserved and underserved areas. Chair Brendan Carr welcomed the approval, clearing the way for Amazon's satellite venture to take over the satellite communications company.

Detected & updated continuously · Source: Nebula