Latest news and articles about satellite communications from NEX English
Eutelsat, the European satellite operator, announced that its revenue for the third quarter of the year met market expectations, supported by growth in Low Earth Orbit (LEO) satellite internet services, which helped offset a decline in the video sector.
Despite the pressure from SpaceX, led by Elon Musk, U.S. demand for Eutelsat's satellite internet services continues to grow. This trend reflects an increasing need for satellite connectivity amid current technological advancements.
Amazon is in talks to acquire Globalstar, a satellite communications group, for approximately <strong>$9 billion</strong>, as reported by the Financial Times. This potential deal could enhance Amazon's capabilities in the communications sector.
Amazon is pursuing the acquisition of Globalstar, which could provide a competitive edge against Starlink's services. This move comes as Amazon aims to expand its offerings in the satellite communications sector.
Globalstar's shares rose significantly by 15% in after-hours trading on Wednesday following reports that Amazon is in talks to acquire the satellite communications company. This move comes as Amazon seeks to enhance its space-based internet services.