Amazon has agreed a $11.5bn (£8.5bn) deal to acquire satellite operator Globalstar, marking a major step in its effort to compete with Starlink.
The company, founded by Jeff Bezos, said it will merge Globalstar’s operations with its own satellite network, Amazon Leo, to expand its ability to deliver mobile connectivity from space.
Amazon has already launched more than 240 satellites as part of a planned constellation of 3,000. By acquiring Globalstar, it will gain access to valuable mobile spectrum, allowing it to beam signals directly to smartphones worldwide.
Panos Panay, a senior vice-president at Amazon, said the deal...