Space 42 and Fiyasat Sign Pact for Equadis
UAE-based "Spacex 42," a company specializing in space technology supported by artificial intelligence, and the global telecommunications firm "Viasat," focused on satellite communications, announced the signing of an agreement to establish a joint venture called "Equotis." The company will provide a unified platform for both space and ground infrastructure, aiming to support the expansion of mobile network coverage and provide connectivity in areas that lack terrestrial networks, including populated urban regions. The initial capital contributions amount to one billion dollars, with plans to expand the initial constellation to include up to 2,800 satellites across three orbital levels. "Equotis" seeks to enable direct device-to-satellite communication networks, enhancing data and voice services in regions with limited coverage, and supporting the growth of the satellite communication market, which is expected to reach between 30 and 70 billion dollars by 2040.
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