Apple taking 85% of Globalstar network for Emergency SOS

Apple taking 85% of Globalstar network for Emergency SOS:

The Form 8-K filing, published on September 7, 2022 from the Securities and Exchange Commission shows just how much network capacity Apple will use at 85%.

Globalstar will provide and maintain all resources, including personnel, software, satellite, gateways, satellite spectrum and regulatory rights necessary for the partnership. Apple will receive priority access to these resources.

In addition, Apple will fund 95% of Globalstar’s capital expenditures for it to grow and maintain its satellite network. Apple will also cover certain costs of Globalstar’s borrowings related to the new satellites, and other approved costs as necessary.

[Facinating]