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Replying to Avatar Vitor Pamplona

Apple is pre-paying 1.1billion USD to retain 85% of Globalstar's satellite services capacity and buying 20% equity of the company for another $400million.

Globalstar provides the infrastructure for the Emergency SOS via satellite.

Looks like a lot of money for "just SOS" 👀

https://investors.globalstar.com/node/15606/html

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Kurt 1y ago

Not that much money. Only about 6 months of interest on their cash

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