The FCC has approved Amazon’s acquisition of Globalstar, advancing Amazon Leo’s plans to build a next-generation satellite network for direct-to-device connectivity. 🔹 Key Highlights 📡 FCC Approval: Regulators approved Amazon’s acquisition of Globalstar. 💰 $11.6B Deal: Amazon agreed to acquire Globalstar in a transaction valued at approximately $11.6 billion. 💵 $90 Per Share: The transaction was previously announced at $90 per Globalstar share in cash or stock. 🛰️ Amazon Leo: Globalstar’s spectrum and satellite assets are expected to support Amazon Leo. 📱 Direct-to-Device: Amazon plans to deploy its next-generation satellite system beginning in 2028 for voice, text and data connectivity. 💡 Why It Matters The approval removes an important regulatory hurdle for Amazon’s satellite ambitions. Globalstar’s spectrum and infrastructure could help Amazon expand direct-to-device connectivity and compete in the rapidly developing satellite communications market. 🚀 Start Your 7-Day FREE ThinkSabio Trial https://www.thinksabio.com/ ThinkSabio — Stocks Simplified