Apple to invest up to 1.5bn dollars in Globalstar for satellite coverage expansion
- Apple will invest up to $1.5 billion in Globalstar , opens new tab to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday.
Under the funding agreement, Apple will commit $1.1 billion in cash and also purchase 20% equity in Globalstar for $400 million. The satellite company said it will use a portion of the funds to pay down debt.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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