Regulatory approval granted
The US Federal Communications Commission (FCC) has approved Amazon's $11.5 billion acquisition of mobile-satellite operator Globalstar, clearing one of the most critical regulatory hurdles for the deal.
What Amazon Leo does
Amazon Leo is the company's satellite-based broadband venture. Globalstar operates mobile satellite services, meaning it holds infrastructure that provides phone and data connectivity via satellite.
Why it matters
The acquisition strengthens Amazon's position in satellite communications on both the infrastructure and spectrum/licensing sides. The mobile satellite market has been re-energized recently by direct-to-device phone services.
What's next
With FCC approval in hand, the remaining conditions of the deal are expected to be completed. The source text does not include additional timeline or condition details beyond the approval.
