British telecom group Vodafone announced an investment of $25 million in Texas-based satellite manufacturer AST & Science. The US firm wants to launch the world’s first low earth orbit, low latency satellite network- called SpaceMobile- capable of connecting directly to a smartphone. The network's signal will help to strengthen the telecom coverage of a partner mobile operator.
For Vodafone, which is always looking for new growth markets in Africa, this investment could enable it to reach populations in rural or landlocked areas, where the deployment of telecom infrastructure remains low. This new network will also be very useful in the event of a humanitarian crisis as it will ease communications across an entire territory.
Vodafone's decision to invest in AST & Science comes after the US company successfully tested its SpaceMobile technology onboard the BlueWalker 1 satellite, launched last April. Given the potential of AST & Science's satellite network, the UK telecom group is not the only telecom company that has chosen to invest in the US company. American Tower, Cisneros, and Samsung NEXT have also injected money in the project.
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...
Transtu to acquire 48 railcars for metro and TGM lines €160 million EBRD-backed plan supports rail upgrades and expansion Government targets 36...
ArcelorMittal Q1 iron ore output falls 3.2% to 9.7 million tons Liberia operations hit record output amid $1.8 billion expansion Company targets...
Côte d'Ivoire raises gasoline price to 875 CFA francs/liter Kerosene price increased to 745 CFA francs per liter Global oil surge, subsidies and...
Deforestation remains a major environmental issue, at the intersection of climate, energy, and food challenges. In Africa, it takes on a particular...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....