$ASTS: 🚨🇯🇵 RAKUTEN AND AST SPACEMOBILE TO ESTABLISH NEW JOINT VENTURE TO PROVIDE MOBILE BROADBAND SERVICE IN JAPAN
New joint venture follows similar AST SpaceMobile approaches in US and Europe
US JV: AT&T, Verizon, T-Mobile
Satellite Connect Europe JV: Vodafone, Orange, Telefonica, Telenor, CK Hutchinson
・Rakuten and U.S. ASTS to Establish New Satellite Business Company in Japan
・Deploying Satellite Communications Directly Connecting to Smartphones
・Timeline: To Be Formed Within 2026
・Investment: Nearly Equal Shares
・New Structure to Facilitate J-LEO project?
・Establishment of Joint Venture could allow other MNOs, such as KDDI, NTT DoCoMo and Softbank, to join AST SpaceMobile ecosystem
Over the course of 2021, @PayPal will allow cryptocurrencies held on the platform to be used as a funding source to pay over 29 million onboarded merchants worldwide and to purchase goods.
Here’s PayPal’s seven-year journey: https://t.co/W3KZ4IrPqh