Viasat, Space42 Commit up to $1 Billion to Direct-to-Device Venture

Viasat, Space42 commit up to $1 billion to direct-to-device venture

UAE’s Space42 and US firm Viasat sign deal to establish Equatys in $1 billion satellite push

Space42 and US-based Viasat commit up to $1 billion (Dh3.67 billion) in equity to launch Equatys, a shared satellite platform for direct-to-device connectivity

UAE's Space42 and Viasat commit up to $1 billion to launch Equatys for global direct-to-device connectivity

UAE-based Space42 and Viasat, Inc. announced on Monday the signing of an agreement at World Space Business Week in Paris to formally establish Equatys, a shared space and ground infrastructure platform that will support the extension of mobile coverage and overlay in places where terrestrial networks cannot serve, including coverage gaps in populated metro areas. […]

Viasat, Space42 commit up to $1B to direct-to-device venture

California-based Viasat and UAE satellite operator Space42 said on Monday they ​had agreed to establish Equatys, a direct-to-device ‌platform aimed at connecting smartphones and other devices to satellites. The companies also committed up to $1 billion in equity ​to the venture, with each contributing an ​initial $400 million and Space42 expected to invest an ⁠additional […]

Space42 and Viasat Sign Binding Agreement to co-found Equatys, Creating the First Shared Space and Ground Infrastructure Platform for Global Direct-to-Device and Advanced MSS Connectivity

Equatys Space42 and Viasat Sign Binding Agreement to co-found Equatys Funding Commitment: Signing of binding agreement provides for up to USD1 billion in combined equity commitments from Space42 and Viasat as the initial co-founders of Equatys Program Progression: Simultaneous signing of agreement to step-up funding accelerates program development of the initial satellite constellation; Scalable constellation’s [...]