The firms have signed a non-binding letter of intent for a potential business combination. The subsequent combined company would operate as Lynk Global, and its common stock and warrants are expected to be listed on Nasdaq under the ticker symbol ‘LYNK’.   

Lynk’s proposition removes the need for a relay between the satellite, base station and device and provides connectivity directly from the satellite to handsets.

A record 17 million UK homes have access to full-fibre broadband, with 4.6 million now taking it up, according to Ofcom’s latest Connected Nations report. 

After demonstrating 100 Gbps optical links between its prototype satellites, Project Kuiper will include laser links on every satellite in its constellation to form a mesh network in space.

Nokia announced that it has completed a joint lab trial of Cloud RAN with In-Line acceleration with partners Arm and Hewlett Packard Enterprise (HPE) at Nokia’s Open Cloud RAN Innovation Center in Dallas, Texas. The successful trial, which saw the completion of an end-to-end Cloud RAN L3 data call, demonstrated the flexibility of Nokia’s Cloud RAN solution using In-Line accelerator architecture which works seamlessly on multiple silicon architectures.

The GSMA has today announced the launch of its newest GSMA Innovation Fund, in partnership with the UK Foreign, Commonwealth and Development Office (FCDO), to address humanitarian challenges.