Amazon's Acquisition of Globalstar Receives Approval From FCC

MT newswire2026/10/27 18:33

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

02:33 PM EDT, 10/27/2026 (MT Newswires) -- Amazon.com (AMZN) has obtained approval from the US Federal Communications Commission to acquire the authorizations of Globalstar (GSAT) as part of its acquisition of the satellite telecommunications company, the agency said Tuesday. The approval includes Globalstar's space station licenses, earth station licenses, domestic and international section 214 authorizations, and an experimental license. The agency said that the transaction is "likely to benefit the public by enhancing data coverage to areas that are currently unserved or underserved by telecommunications carriers" and that no harms to material public interest were likely. Price: 254.06, Change: +4.97, Percent Change: +2.00

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Reserve Bank of Australia (RBA) Governor Michele Bullock stated at a Senate committee hearing on Wednesday that some international and domestic upside risks to inflation have already emerged or are emerging, which could result in inflation being higher than the central bank’s baseline scenario for August.

智通财经•2026/10/28 01:02