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On October 27, local time, the US Federal Communications Commission approved Amazon Leo's acquisition of Globalstar's mobile satellite service spectrum of about 25 MHz to complete the regulatory review of this $11.5 billion deal. The approval also allows Amazon to build and launch satellites using the previously approved Globalstar C-3 system after the transaction is completed.
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On October 27, local time, the US Federal Communications Commission approved Amazon Leo's acquisition of Globalstar's mobile satellite service spectrum of about 25 MHz to complete the regulatory review of this $11.5 billion deal. The approval also allows Amazon to build and launch satellites using the previously approved Globalstar C-3 system after the transaction is completed.
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