Mentioned:
One of the biggest mobile network providers in Europe is launching a new joint venture company. And it’s focused on using satellites to change the future of wireless connectivity.
What’s happening:
- AST SpaceMobile (NASDAQ: ASTS) has announced a new joint venture partnership with Vodafone to create a new company known as SatCo for providing space based cellular broadband connectivity to mobile devices all throughout Europe
Why it matters:
- AST SpaceMobile is the only publicly traded company in the world who is capable of providing space based cellular broadband connectivity to mobile devices without any hardware or software modifications being required
Going deeper:
- SatCo is aiming to provide complete coverage across all of Europe for space based cellular broadband connectivity
- Vodafone and AST SpaceMobile are also planning to generate meaningful revenue through SatCo by allowing other European mobile network providers to be able to use their satellites under a simple distribution agreement
The intrigue:
- Vodafone and AST SpaceMobile just recently made waves when they completed the world’s first space based voice call on 5G using a smartphone
