It wouldn't actually be smart to buy Globalstar, if Apple did they're on the hook for that 3.71B + the cost theyd spend on those messages. This way they pay a

It wouldn't actually be smart to buy Globalstar, if Apple did they're on the hook for that 3.71B + the cost theyd spend on those messages. This way they pay a relatively minute fee and can have a guarantee they can use Globalstar's existence to compete with others on with price. So they not only don't spend 3.71B they won't get back, the cost of those messages is relatively nothing and easy to compete on with others - for what is a commoditised service. They'd also force Globalstar to spend all that cash theyd get from Apple on their capex, at no risk to Apple. Almost a similar reason to outsource to Foxconn vs buy them and have it in house.