Apple is going to invest 1.5 billion dollars to increase the opportunity to send distress signals from the iPhone through satellite or artificial satellites. Under this new plan, Apple will invest $1.5 billion in Globalstar, the company that manages the satellites used to provide emergency SOS facilities on the iPhone. After Apple announced this investment, the share price of Globalstar, based in Louisiana, increased by more than 30 percent.
Satellite message
Using the facility called Emergency SOS, even if the iPhone does not have a mobile or WiFi network, it has the opportunity to send an emergency signal using a satellite connection. As a result, when users turn on the SOS feature on the iPhone in times of danger, they send signals through satellites to local rescue teams in different countries. As a result, they can quickly rescue iPhone users.
According to the investment agreement, Apple will pay $1.1 billion in cash to Globalstar to expand its satellite technology. In addition, Apple will buy 20 percent shares of Globalstar for $400 million. Acknowledging the investment, Globalstar said 85 percent of the satellite's network capacity will be allocated to Apple after the investment. The final deal could be completed next Tuesday.