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Amazon is in advanced talks to acquire satellite telecom group Globalstar, a report says.
Amazon is in advanced talks to acquire satellite telecom group Globalstar.
KEY POINTS
- The potential acquisition would support Amazon's efforts to build its own satellite operation.
- A transaction announcement could occur as soon as Tuesday, according to Bloomberg sources.
- Reuters has not yet independently confirmed the Bloomberg report.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →