Amazon Leo gets approval for $11.5 billion Globalstar deal

The FCC has approved Amazon Leo's eleven point five billion dollar acquisition of Globalstar, clearing a major satellite consolidation.

“The FCC has approved Amazon Leo's eleven point five billion dollar acquisition of Globalstar, clearing a major satellite consolidation. The transaction gives Amazon Leo about twenty-five megahertz of internationally harmonized mobile-satellite spectrum for its market entry. Regulators concluded the companies' complementary assets could strengthen competition, combining spectrum holdings with Amazon's planned low-Earth-orbit network. For broadcasters, another scaled satellite operator could reshape contribution, connectivity and direct-to-device distribution options beyond traditional capacity providers.”