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      Amazon's $11.6 Billion Globalstar Buy Is 'Strategic Positive' For Satellite Dominance

      BNP Paribas analyst Nick Jones views Amazon.com Inc's (NASDAQ:AMZN) planned ~$11.6 billion acquisition of Globalstar, Inc (NASDAQ:GSAT) as a strategic move that strengthens its satellite ambitions while remaining financially manageable given Amazon's scale.

      Strategic Expansion With D2D And Apple Partnership

      Jones noted the deal accelerates Amazon Leo's commercialization by adding direct-to-device capabilities and leveraging Globalstar's spectrum and infrastructure.

      He added that the Apple Inc (NASDAQ:AAPL) partnership, including satellite connectivity for iPhone and Apple Watch, validates demand and positions Amazon more competitively in satellite communications.

      Minimal Near-Term Financial Impact Despite Scale Gap

      Jones noted that Globalstar generated $273 million ...

      Full story available on Benzinga.com


      Source: Benzinga
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