6. Globalstar, Fiberlight Merge In $1.65 Billion Deal
Satellite communications provider Globalstar revealed plans in April to come together with telecom network provider FiberLight in a $1.65 billion deal that would combine satellite, wireless and fixed broadband assets.
The merger of the two companies also includes investment firm Thermo Acquisitions because it was led by Jay Monroe, GlobalStar's chairman and CEO, who also is the controlling shareholder of Thermo Acquisitions, which backs FiberLight. The new entity is called Thermo Companies, and offers global wireless spectrum assets.