Globalstar today announced today that the company reached a revision agreement with The company will expand satellite services that support Apples functions, such as emergency rescue, roadside rescue, news and search for search.My location is updated. These services can now be processed in some countries and regions without ground Wi-Fi or honeycomb coverage.
According to the files submitted to the SEC according to Apples existing satellite service partner Globalstar, Globalstar will bring a series of improvements to Apple, includingA new satellite constellation expands ground infrastructure to support satellite and Apple services, as well as global permission to increase new satellite services.
As an exchange, Apple will pay up to $ 1.1 billion in prepaid to support the construction and launch of new satellites and other expenses.Apple will also obtain 20%passive equity of GlobalStar for $ 400 million.
Apples satellite service was debuted on the iPhone 14 model at the end of 2022. It launched emergency help services and to update location services through satellite.Emergency service.Over time, Apples satellite services have expanded to more countries and regions, and new functions have been added, including roadside assistance at the end of 2023.
