​Globalstar Shares Erupt After Apple Expands Satellite Services Deal – Tyler Durden

Globalstar Shares Erupt After Apple Expands Satellite Services Deal Shares of Globalstar jumped in premarket trading in New York after the company disclosed in a filing that it will expand its partnership with Apple to support Emergency SOS via satellite for new iPhones.  Globalstar, a global satellite service firm headquartered in Covington, Louisiana, wrote in an 8k filing that its services with Apple over an Emergency SOS will expand, including a new satellite constellation, increased ground infrastructure, and a global licensing deal.  Bloomberg highlighted the structure of the deal: The extended mobile satellite services network will be owned by a unit Globalstar SPE Apple will make…  — Continue at ZeroHedge News : Read More