Apple picks Globalstar for satellite services for iPhone 14 series
BY Reuters
— 2:24 PM ET 09/07/2022
Sept 7 (Reuters) - Satellite services firm Globalstar Inc (GSAT) said on Wednesday it will partner with Apple Inc (AAPL) for a feature on the company's flagship iPhone 14 series that will allow users to call for help during an emergency. (Reporting by Eva Mathews in Bengaluru)
On September 7, 2022, Apple Inc. (“Partner”) announced new satellite-enabled services for certain of its products (the “Services”). Globalstar, Inc. (“Globalstar” or the “Company”) will be the satellite operator for the Services pursuant to the terms agreement (the “Terms Agreement”) first disclosed in the Company’s Form 10-K for the year ended December 31, 2019, and certain related ancillary agreements (such agreements, together with the Terms Agreement, the “Partnership Agreements”).
GSAT>>>> $1.75
HF shorted IRDM on this news.


