Globalstar, a provider of mobile satellite phone services, has disclosed a deal with Apple. Apple will prepay funds as an investment to expand infrastructure to support services, with a maximum amount of $1.1 billion. Globalstar will use this investment to expand and add more satellites.
The company stated that the network resulting from this additional satellite investment will be allocated 85% to Apple, with the remaining portion for customers of other companies. Additionally, Apple has also agreed to purchase 20% of Globalstar’s shares, valued at $400 million.
This confirms Apple’s intention to further expand satellite phone services, particularly in the form of Emergency SOS calls in areas where traditional phone signals are limited, focusing on specific countries. Apple currently offers this service for free, extending the promotion until 2025, with no detailed pricing information released.
TLDR: Globalstar partners with Apple for satellite phone service expansion, including investment allocation and stock purchase agreement. Apple aims to enhance service availability, particularly Emergency SOS calls, with promotions extended until 2025.
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