Space platform launched with billion-dollar funding
The Emirati company "SPEARS 42" and the global firm "Fyasat" announced their binding agreement to establish a joint platform called "EQUATIS," with the aim of expanding mobile network coverage through space technology, particularly in areas lacking terrestrial networks. The two companies will provide capital investments totaling up to one billion dollars. The development efforts for the initial constellation focus on meeting the growing demand for satellite communication services, leveraging global relationships with more than 400 mobile operators. The establishment of "EQUATIS" is expected to contribute to enhancing direct device-to-satellite communication services worldwide in the coming decades.
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