Viasat and Space42 Launch Satellite Venture
Viasat and Space42 have agreed to establish Equatys, committing up to one billion dollars to a new direct-to-device platform. The venture aims to connect standard smartphones and Internet-of-Things devices to satellites, expanding coverage in remote areas.
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Viasat and Space42 formed Equatys on Monday morning, committing up to $1 billion in equity to launch a direct-to-device satellite platform. The venture pairs the United States satellite communications firm with the United Arab Emirates operator to connect standard smartphones. Equatys targets mobile operators seeking to deliver voice and data services in remote areas without cellular coverage.
