Companies to explore ecosystem partnership options for shared multi-orbit 5G NTN infrastructure with standards-based open architecture to create significant D2D and next-generation MSS opportunities globally

Abu Dhabi, UAE and Carlsbad, California – 11 March 2025 – Space42, (ADX: SPACE42), the UAE based AI-powered SpaceTech company with global reach, and Viasat, Inc. (NASDAQ: VSAT), a leading global mobile satellite services (MSS) operator in L- and S-band spectrum, signed a Memorandum of Understanding (MOU) to explore ecosystem partnership options for developing a 5G Non-Terrestrial Network (NTN) initiative. This collaboration between Space42 and Viasat is a major step towards expanding global satellite connectivity, enabling both companies to address the growing opportunities in direct-to-device (D2D) satellite communications to smartphones, narrowband Internet of Things (NB-IoT), as well as existing and next-generation MSS services. Independent research studies project the size of the satellite segment of the D2D market to reach $50B in 2032^[1], in addition to more traditional enterprise and government MSS market segments that also hold substantial growth potential.