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US agency approves Amazon Leo’s $11.5 billion acquisition of Globalstar

Reuters
US agency approves Amazon Leo’s $11.5 billion acquisition of Globalstar

Oct ‌27 (Reuters) - The Federal Communications ​Commission ‌said Tuesday it ‌has approved Amazon ‌Leo’s $11.57 billion deal to acquire Globalstar.

Amazon Leo ⁠has launched ‌more than ⁠300 satellites ​since April 2025 and ​aims to ​deploy ‌about 3,200 satellites ​in ⁠Earth's low ‌orbit by ​2029. ​Through the deal, Amazon adds Globalstar's two ‌dozen satellites to ‌its existing ​network of more than 200.

(Reporting by ‌David Shepardson)