Amazon to Acquire Globalstar

Globalstar currently powers the satellite connectivity features for Apple's iPhone, raising questions about the future of that partnership.

Amazon plans to integrate Globalstar's existing network into its ambitious quest to provide global high-speed internet from space.

The acquisition will give Amazon access to critical spectrum and an established constellation of low-earth orbit satellites.

Analysts suggest the deal could reshape the telecommunications landscape and accelerate the rollout of satellite-to-phone services worldwide.