Telecom

Vodafone Group invests $25mln in AST & Science to improve service in Africa

Vodafone Group invests $25mln in AST & Science to improve service in Africa
Tuesday, 03 March 2020 15:56

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.

On the same topic
Telecom operator launches investor search under restructuring process Company faces heavy debt, falling revenues, and weak market position State-owned...
Equity Bank proposes smartphone financing to boost digital adoption in DRC Low ownership persists, with only 8% of population using...
Reform targets fragmented rules slowing network deployment Government aims to boost investment in broadband and 5G Changes seek to lower costs and...
Vivo signed a financing agreement with Credit Direct to boost smartphone sales in Nigeria through installment payments. Customers will pay 20% upfront...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
04

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
05

MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...

MTN Ghana tightens controls on mobile money agents over fraud concerns
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.