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Interesting they will do this but for smaller companies they will not go into contract if they are more than X% of ARR.
by leetrout 4y ago
Interesting they will do this but for smaller companies they will not go into contract if they are more than X% of ARR.
- walrus01 4y agoglobalstar as a corporate entity is in such a weak and precarious financial position (due to its near obsolete satellite tech and existing network), with no money to fund the many hundreds of millions needed for a new build+launch campaign, that any partnership of this type is a life saver. without this deal it would be inevitable for the company to get acquired and broken up for just the value of its operating and spectrum licenses.
- pmorici 4y agoApple also appears to be taking an ownership stake in the company so that probably aligns the incentives and reduces the chance of them cutting and running.