Space42 PLC: 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

Viasat and UAE's Space42 plan to launch Equatys, a direct-to-device satellite platform, investing up to $1 billion. Each will initially contribute $400 million, with Space42 adding $200 million later.

Viasat and Space42 will invest up to $1 billion in a joint venture to develop direct-to-device satellite technology. The partnership aims to provide global connectivity solutions, with Viasat contributing its expertise in satellite communications. The companies did not specify the exact timeline or financial structure of the investment.

Space42 (ADX: SPACE42) and Viasat (NASDAQ: VSAT) signed an agreement to co-found Equatys, a shared space and ground infrastructure platform for global direct-to-device and advanced MSS connectivity. The companies will initially invest up to $1 billion in equity. Equatys aims to extend mobile coverage to areas where terrestrial networks are unavailable, leveraging 3GPP NTN standards and a shared infrastructure model. Viasat is expected to serve as the prime technology contractor.

Space42 and Viasat will each invest $400 million to form Equatys, a venture focused on expanding mobile connectivity via satellite infrastructure. The total initial equity commitment is up to $1 billion.

Viasat and Space42 are investing $1 billion in Equatys, a project aiming to provide mobile services in remote areas using shared satellite-and-ground infrastructure. Viasat's $400 million investment highlights its role as a contractor. The initiative could reduce costs and accelerate rollouts for telecom and satellite operators.

Viasat and Space42 have agreed to form a joint venture, Equatys, with up to $1 billion in equity commitment. The venture will focus on developing a shared space and ground infrastructure platform for direct-to-device services.