Amazon (AMZN) Stock: Seeks FCC Approval for 5,000 Direct-to-Phone Satellites

TLDR Amazon seeks FCC approval for a 5,000-satellite mobile phone network worldwide AMZN trades near $232.15 as Amazon expands its satellite network strategy The proposed network would connect phones beyond traditional cell tower coverage Amazon’s Globalstar deal could provide spectrum for direct mobile services The plan pits Amazon against SpaceX and AST SpaceMobile in direct-to-device [...]

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