Space42 and Viasat to Share Progress on Equatys at Mobile World Congress
Rhea-AI Summary
Viasat (NASDAQ: VSAT) and Space42 unveiled progress on Equatys, a planned independent, multi-participant D2D satellite infrastructure, during Mobile World Congress on March 2, 2026. The venture aims to extend 3GPP-aligned connectivity using a shared Tower Co. model and preserve sovereign spectrum rights.
Key technical scope includes operation in globally harmonized L- and S-band MSS spectrum, support for over 100 MHz of MSS spectrum, and a shared multi-tenant constellation planned for up to 2,800 satellites across 60 orbital planes and three altitude layers. Commercial engagement with e& UAE and Telkomsat is underway, while formation remains subject to definitive agreements and regulatory approvals.
Positive
- Planned shared infrastructure with up to 2,800 satellites
- 3GPP-aligned architecture enabling seamless terrestrial–satellite handover
- Commercial engagements underway with e& UAE and Telkomsat
Negative
- Venture formation remains subject to definitive agreements and regulatory approvals
News Market Reaction – VSAT
In the Mar 2 session, VSAT gained 3.19%, reflecting a moderate positive market reaction. Argus tracked a peak move of +2.3% during that session. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 25 | Satellite voice demo | Positive | -0.5% | Showcase of 3GPP-compliant satellite voice calling for connected vehicles at MWC. |
| Feb 11 | Ground antennas sale | Positive | +0.7% | Sale of advanced ground antennas to expand Real-Time Earth coverage and capacity. |
| Feb 05 | Q3 FY26 earnings | Positive | +11.4% | Release of third quarter fiscal 2026 financial results and investor materials. |
| Jan 29 | Earnings call notice | Neutral | -2.3% | Announcement of timing and access details for upcoming Q3 FY26 earnings call. |
| Jan 15 | Boardroom interview | Neutral | +3.0% | Interview on Stamper Oil & Gas strategy; only tangentially related to Viasat shares. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent Viasat news often drew modest reactions, with stronger moves reserved for core financial results while technical/product updates saw limited follow-through.
Over the past six weeks, Viasat combined financial improvement with ongoing product and partnership activity. Third‑quarter fiscal 2026 results and related filings highlighted a return to profitability on revenue of $1.16 billion and positive net income of $25.0 million, which coincided with a +11.38% move after earnings. Subsequent news focused on demonstrations of satellite‑enabled voice for vehicles and expansion of ground antenna capabilities, with only modest price changes. Against this backdrop, the Equatys D2D initiative continues a pattern of reinforcing Viasat’s non‑terrestrial connectivity strategy.
Key Terms
direct-to-device (d2d) technical
advanced mobile satellite services technical
3gpp technical
non-terrestrial networks technical
l-band mss spectrum technical
s-band mss spectrum technical
tower co. model financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Companies advance plans for global system architecture and shared infrastructure for Direct-to-Device and other Advanced Mobile Satellite Services
BARCELONA, Spain, March 02, 2026 (GLOBE NEWSWIRE) -- Space42, the UAE-based AI-powered SpaceTech company, and Viasat, Inc., a global leader in satellite communications, will discuss continued progress toward their planned direct-to-device (D2D) infrastructure and offer an early look at the priorities for Equatys, the companies' forthcoming joint entity, during a co-hosted program at Mobile World Congress in Barcelona this week. The program marks the first public showcase of Equatys' technical direction and commercial vision, reflecting its ambition to accelerate global D2D adoption. This event brings together policymakers, regulators, and industry leaders to explore how competition, resilience, and sovereignty can be advanced simultaneously, along with enabling new business cases, turning space-enabled mobility into a shared success story for all.
Space42 and Viasat are the cofounders of Equatys, bringing together over 60 years of combined mobile satellite services experience. Equatys is designed as an independent, neutral, multi-participant shared infrastructure platform to extend 3GPP-based connectivity to the billions underserved by terrestrial networks. Since announcing Equatys in September 2025, the cofounders have advanced the program across initiation of venture formation, engineering development, and initial commercial engagement with Mobile Network Operators (MNOs), marking concrete progress toward phased deployment.
Mark Dankberg, CEO and Chairman of Viasat, said: "Space-enabled mobility is a foundational layer for global, seamless connectivity. With Equatys, we are building a platform that empowers nations, operators, and innovators to extend secure, affordable, 3GPP-aligned satellite connectivity to billions. This scalable global model ensures the full ecosystem of participants can benefit from lower barriers to entry, expanded supplier diversity and economies of scale, and stronger competitive dynamics across the value chain. We are committed to delivering a frictionless end-user experience with seamless handover enabling choice for the carriers. "
Karim Michel Sabbagh, Managing Director of Space42, said: "Equatys reflects disciplined execution against a clear objective: combining the scale of terrestrial networks with the efficiency of space. The collaboration is rooted in Space42's strategy to become a global leader in Non-Terrestrial Networks, and to date has achieved significant engineering milestones, with subscription agreements underway, mobile network operators engaged, and international filings submitted. Equatys demonstrates how space-enabled mobility can modernize legacy Mobile Satellite Services, augment terrestrial networks in lacking areas, and unlock new services across markets."
Ali Al Hashemi, CEO of Space Services at Space42, commented: "Equatys is being built on the principle that shared infrastructure benefits all. The spectrum access model allows nations to retain their sovereign autonomy and licensee control, while advancing satellite capacity with significant cost savings. Combined with a standards-based architecture designed to allow seamless, automatic transition between terrestrial and satellite networks, we intend to scale space-enabled connectivity to those beyond traditional network reach.
Constellation Architecture and Spectrum Strategy
The system is expected to operate initially in globally harmonized L- and S-band MSS spectrum, with technical capability to operate across over 100 MHz of globally allocated and coordinated MSS spectrum. By aligning with 3GPP standards, the platform will integrate terrestrial and satellite networks, enabling seamless transition when terrestrial service becomes unavailable. This will be done while preserving operators’ choice within the -Terrestrial Network ecosystem.
Operating on a Tower Co. model, Equatys intends to deliver the lowest unit cost of satellite capacity while preserving each partner's spectrum rights and sovereign interests. The model is designed to welcome additional cofounders, satellite operators, and spectrum holders as the ecosystem takes shape. Efficient payload and ground technologies are intended to minimize mass-to-orbit requirements while supporting long-term scalability and capital efficiency.
Equatys' shared multi-tenant infrastructure will be supported by up to 2,800 satellites across 60 orbital planes and three altitude layers, deployed by Viasat and Space42. The architecture is intended to densify without fundamental redesign, enabling ecosystem growth at a market-responsive pace and catering to billions of potential users as demand scales.
Commercial Momentum
Space42 has announced partnerships to explore Equatys-enabled D2D connectivity with e& UAE, the flagship telecom arm of global technology group e&, and with PT Telkom Satelit Indonesia (Telkomsat), Indonesia's national satellite operator.
These engagements reflect operator interest in extending coverage through integrated satellite-terrestrial architectures, aligned with national regulatory frameworks and 3GPP standards.
The venture remains subject to definitive agreements, regulatory approvals, and customary closing conditions. The companies intend to provide further updates as Equatys progresses toward formal establishment.
Mobile World Congress
As part of the co-hosted MWC program, Viasat CEO and Chairman Mark Dankberg and Space42 Managing Director Karim Sabbagh will conduct a Fireside Chat to discuss the opportunities and policies shaping the future of space-enabled mobility. The program will explore how the next generation of space-enabled connectivity can be designed to preserve competition, unlock new service capabilities, and align with sovereign priorities, while strengthening resilience and expanding choice.
Attendees can register for the Fireside Chat and other co-hosted panels [here].
About Space42
Space42 (ADX: SPACE42) is a UAE-based AI-powered SpaceTech company that integrates satellite communications, geospatial analytics and artificial intelligence capabilities to enlighten the Earth from space. Formed in 2024 by the successful merger of Bayanat and Yahsat, Space42's global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities. Space42 comprises two business units: Space Services and Smart Solutions. Space Services focuses on upstream satellite operations for both fixed and mobility satellite services. Smart Solutions integrates geospatial data acquisition and processing with AI to inform decision-making, enhance situational awareness, and improve operational efficiency. Major shareholders include G42, Mubadala, and IHC.
For more information, visit: www.space42.ai; follow us on X: @space42ai
About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people's lives anywhere they are, on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads, and YouTube.
Copyright © 2026 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat Signal are registered trademarks in the U.S. and in other countries of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
Legal Notice and Cautionary Statement regarding forward-looking information
This announcement may contain forward-looking statements based on current expectations and assumptions about future events. These statements, identified by terms such as "expect," "will," or similar, are subject to risks and uncertainties and may prove inaccurate. They reflect information available as of the date hereof, and the companies disclaim any obligation to update them. No assurance is given that any forward-looking statement will occur, and undue reliance should not be placed on them. This announcement does not constitute a financial promotion or an offer to buy or sell securities in any jurisdiction.
Contact:
Scott Goryl
scott.goryl@viasat.com
