Industry
Satellite backhaul service Globalstar has a new, rich owner amid challenging market conditions
Globalstar, a mobile satellite services (MSS) operator in which Apple has a 20% stake, on Tuesday announced a merger agreement with Amazon, which, pending regulatory approval, could soon bring direct to device services (D2D) services to Leo, the latter’s low Earth orbit satellite network. The deal, worth an estimated $11.6 billion, is an indication that the so-called new space race,…
Data centers are costing local governments billions
Tax benefits for hyperscalers and other data center operators are costing local administrations billions of dollars. In the US, three states are already giving away more than $1 billion in potential tax revenue, while 14 are failing to declare how much data center subsidies are costing taxpayers, according to Good Jobs First. The campaign group said the failure to declare…