Page 60 - SAMENA Trends - December 2023
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SATELLITE UPDATES  SAMENA TRENDS

        Satellite Operator Lynk Signs LoI With A-Rod’s Slam to Create Publicly-Listed

        Company


        Lynk  Global,  a  satellite-direct-to-standard-  business  combination.  Under  the  terms   symbols  ‘LYNK’  and  ‘LYNKW’.  Lynk,  which
        phone  (‘sat2phone’)  provider,  and  Slam   of the  LoI, the  combined company  would   was founded in 2017, designs, builds, and
        Corp., a  special  purpose  acquisition   operate  as  Lynk  Global, Inc. and  its   operates  proprietary  ‘cell-tower-in-space’
        company  (SPAC),  have  signed  a  non-  common stock and warrants are expected   satellites  that  provide  direct-to-standard-
        binding Letter of Intent (LoI) for a potential   to  be  listed  on  NASDAQ  under  the  ticker   phone connectivity and global coverage.
                                                                                 Lynk  believes  it  operates  the  world’s
                                                                                 only  patented,  proven  and  commercially-
                                                                                 licensed  sat2phone system,  which allows
                                                                                 commercial  subscribers to send  and
                                                                                 receive text messages to and from space,
                                                                                 via  standard  unmodified  mobile  devices.
                                                                                 Lynk’s  service  has  been  demonstrated  in
                                                                                 over 25 countries to date and the company
                                                                                 has  35  commercial  service  contracts
                                                                                 in  place with  mobile  network operators
                                                                                 (MNO) serving around 50 countries. For its
                                                                                 part, Slam was created by former baseball
                                                                                 star  Alex  ‘A-Rod’  Rodriguez  to  pursue
                                                                                 ‘investment opportunities with companies
                                                                                 that  have  large  and  growing addressable
                                                                                 markets,   significant   revenue   growth,
                                                                                 defensible  business  models  and superior
                                                                                 market share’.




        Rogers, Lynk Readying Commercial Satellite-to-Mobile Service for 2024


        Rogers Communications and Lynk  Global
        have announced Canada’s first successful
        satellite-to-mobile  phone  call,  and  also
        tested  SMS, data  and  emergency  alerting
        services. Using Samsung S22 smartphones,
        the call was made between Andrew Furey,
        Premier  of Newfoundland  and  Labrador,
        and  a member  of the  Newfoundland and
        Labrador Search and  Rescue  Association
        utilizing  US-based  Lynk’s  Low  Earth  Orbit
        (LEO)  satellites  and  Rogers’  national
        mobile spectrum. Rogers says it will launch
        satellite-to-mobile  phone  technology  in
        2024,  starting  with  SMS texting,  mass
        notifications  and  machine-to-machine  AI
        applications, and then expand the service
        to include voice and data services quickly
        thereafter. The new technology will deliver
        mobile  services  to the  country’s  most
        remote wilderness,  national  parks and   most  remote  areas  to improve  public   work with Lynk to bring Canadians the very
        rural highways. Rogers CEO Tony Staffieri   safety  and  to  connect  communities  that   latest global technology that will give them
        said: ‘We’re bringing coverage to Canada’s   aren’t  connected  today.  We’re  proud to   access to 911 and wireless services.’





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