Apple is amending its deal with Globalstar, committing to pay $1.1bn to make infrastructure changes to bolster growing satellite features.
Apple is expanding its Satellite services for the iPhone with an amended agreement with Globalstar. If you are not familiar with this, Apple partners with Globalstar to power features like Emergency SOS, Roadside Assistance, Find My, and more on its devices. The company will contribute towards the infrastructure and also keep 20 percent of Globalstar’s equity with $400 million. You can check out more details on the amended agreement below and what services you should expect in the long run.Apple expands its relationship with Globalstar to bolster its satellite services
According to an SEC filing by Globalstar, Apple’s services will be expanded through enhanced infrastructure, and Apple will make certain payments to support the construction.
