Core Viewpoint - Space42 and Viasat are forming a joint venture named Equatys to provide global Direct-to-Device (D2D) services and transition existing Mobile Satellite Services (MSS) to a 5G network environment [1][8] Group 1: Joint Venture Overview - Equatys aims to integrate satellite and terrestrial networks using a 3GPP Non-Terrestrial Network (NTN) compliant platform, making services accessible to billions of smartphones and IoT devices globally [2] - The venture is expected to support over 100 MHz of harmonized MSS spectrum across more than 160 markets, with a commercial rollout targeted within three years [2][3] Group 2: Infrastructure and Business Model - Equatys will operate as a lean infrastructure provider using a shared multi-tenant model, reducing redundant investments and delivering cost-efficient capacity [4] - The model promotes a collaborative environment for stakeholders, allowing for scale advantages while minimizing individual investment risks [5] Group 3: Investment and Financial Framework - The venture is anticipated to provide capital-intensive space and ground infrastructure at the lowest cost to licensed operators, offering infrastructure-grade returns with equity appreciation potential [6] - Phased equity offerings will enable additional strategic and financial partners to join as the system scales [6] Group 4: Strategic Governance and Sustainability - Equatys will offer secure, standards-based infrastructure that aligns with existing systems and provides sovereign deployment options for nations [7] - The design will adhere to space sustainability principles, aiming to minimize orbital footprint while maximizing resource utilization [7] Group 5: Background Information - Space42 is an AI-powered SpaceTech company formed in 2024 through the merger of Bayanat and Yahsat, focusing on satellite communications and geospatial analytics [9] - Viasat is a global communications company that aims to connect everyone and everything, having recently acquired Inmarsat to enhance its global communications capabilities [10]