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The merger of Lynk and Omnispace accelerates their timeline toward achieving continuous D2D service.
Lynk gains access to globally coordinated S-band spectrum through the merger, while Omnispace acquires a proven operational D2D platform.
SES already holds investments in both Lynk and Omnispace, strengthening its strategic position through the consolidation of their assets and capabilities.
Lynk has secured more than 50 partnerships with local mobile network operators (MNOs) and regulatory approval in over 30 countries.
Omnispace is merging with Lynk Global under the stewardship of SES, which will be a major investor.
Lynk has relationships with over 50 mobile network operators across more than 50 countries.
Lynk Global and Omnispace plan to merge to deliver a comprehensive Direct-to-Device (D2D) connectivity solution.
The combination will leverage Lynk's technology to enhance data, voice, and messaging services to new smartphones and IoT devices, including automotive platforms.
Lynk's patented technology enables satellite-delivered mobile voice and messaging services to more than 7 billion smartphones and IoT devices.
The combination of Omnispace's spectrum portfolio with Lynk's technology aims to create a scalable, cost-effective global direct-to-device platform.
The planned combination of Lynk and Omnispace will offer SES access to new LEO capabilities.
Lynk Global plans to merge with telecom firm Omnispace to expand their business across commercial and government sectors.
Ramu Potarazu, the current CEO of Lynk Global, will be the CEO of the new entity formed by the merger.
Lynk Global and Omnispace will merge, and SES will become a major strategic shareholder.
Lynk will leverage the S-band to enhance its data, voice, and messaging services for new smartphones and IoT devices, including automotive platforms.
Lynk’s technology supports backward compatible satellite-delivered mobile voice and messaging services to more than 7 billion smartphones and IoT devices.
Slam Corp extended its merger deadline with Lynk Global by three months to 2024-03-25 as reflected in a 2024-12-26 regulatory filing.
Slam Corp must refund $81,000,000 to investors who redeemed shares instead of seeking a stake in Lynk Global.
Lynk, based in Falls Church, Virginia, planned in February to raise at least $110,000,000 from the SPAC merger through remaining cash in Slam’s trust and a private sale of shares before closing the deal.
Slam Corp extended its merger deadline by a year and received a non-binding letter of intent to merge with Lynk in December 2023.