Apple Adds IDR 23 Trillion Investment To Globalstar For Satellite Services

Emergency SOS view via Satellite Apple (photo: Apple)

JAKARTA - Apple is rumored to be investing up to 1.5 billion US dollars or around Rp. 23.6 trillion to Globalstar, a satellite telecommunications company in the US, to expand its satellite services.

In an agreement seen by Reuters on Friday, November 1, Apple will provide $1.1 billion in cash and buy 20 percent of Globalstar's shares for $400 million.

The satellite company also said that it would use some of the funds to pay off the company's debt.

Through this agreement, Globalstar also said it would allocate 85 percent of its network capacity to Apple. This deal is expected to close on Tuesday.

The tech giant behind the creation of the iPhone has partnered with Globalstar since 2022, to develop a feature that allows Apple users to send emergency messages from remote areas via satellite.

Meanwhile, Apple officially introduced the Emergency SOS feature for the iPhone 14 of the same year. Then, they expand it to iOS 18, which allows users to send and receive text, emoji, and tapback via iMessage.

Through this investment expansion, Apple strengthened its position as one of the providers of satellite services in the world's mobile phone industry.