The Vodacom Group parent has agreed to sell its Hungarian unit in a deal valued at €1.8-billion as part of its plan to simplify its sprawling business.
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The development comes after SpaceMobile secured the necessary funding for the first phase of the project. 13:06
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Vodacom Group parent, the UK-headquartered Vodafone Group, has reached an agreement with AST SpaceMobile to launch the first phase of a space-based commercial mobile communications service in 2023.
The projectâs goal is to âtransform mobile network coverageâ for the 49 largest countries in the equatorial regions of Earth, including the Democratic Republic of Congo, Ghana, Mozambique, Kenya and Tanzania in Africa â all markets in which Vodacom operates.
The development comes after SpaceMobile secured the necessary funding for the first phase of the project.