PARIS — Japan’s Rakuten Mobile has purchased a 20% equity stake in startup AST & Science project to launch a fleet of cubesats to provide 4G cellular coverage to mobile phones worldwide, using the phones’ existing hardware.
The Rakuten investment, along with an investment by London-based Vodafone, brings AST’s total financing to $128 million, AST said.
Other investors include American Tower, Samsung NEXT and AST’s founder and chief executive, Abel Avellan.
AST . . .
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