Globalstar is a telecommunications company that operates a Low Earth Orbit (LEO) satellite constellation and terrestrial network infrastructure to deliver mobile satellite services (MSS) — including IoT data transmission, emergency messaging (SPOT devices), and voice/duplex communications — to retail, business, and government customers across more than 120 countries. The company also licenses its terrestrial spectrum (Band 53/n53) for private 5G networks and provides wholesale network capacity services to partners such as Apple Inc.
“There also may be viable rivals — including Amazon, which is buying Globalstar.”
“Globalstar to Amazon at 42.0x is the highest multiple deal of the month, reflecting Amazon's strategic premium on satellite communications infrastructure for its Kuiper network.”