April 13 (Reuters) – Amazon is in advanced talks to acquire satellite telecom group Globalstar, a deal that would bolster the tech major’s push to build its own satellite operation, Bloomberg News reported on Monday. A transaction could be announced as soon as Tuesday, the report said, citing people familiar with the matter. Reuters could […]
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Amazon nears deal to buy Globalstar, Bloomberg News reports
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April 13 (Reuters) – Amazon is in advanced talks to acquire satellite telecom group Globalstar, a deal that would bolster the tech major’s push to build its own satellite operation, Bloomberg News reported on Monday.
A transaction could be announced as soon as Tuesday, the report said, citing people familiar with the matter.
Reuters could not immediately confirm the report.
(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Sumana Nandy)