Apple previously acquired a 20 percent equity stake in Globalstar as part of a multi-billion-dollar infrastructure and service agreement established to power emergency satellite communication functions on iPhones and Apple Watches. However, under the terms of Amazon's subsequent definitive acquisition agreement to purchase Globalstar, Apple's equity and voting interests were incorporated into the buyout transaction, resulting in Amazon taking over that structural position while committing to maintain uninterrupted satellite services for Apple users.