Page 60 - SAMENA Trends - December 2023

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.’

60 DECEMBER 2023