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Stock impact report

Starlink to partner with Deutsche Telekom to launch satellite mobile service in Europe [CNBC]

DEUTSCHE TELEKOM AG S/ADR (DTEGY) 
NASDAQ:AMEX Investor Relations: telekom.com/en/investor-relations
Company Research Source: CNBC
Launching in 2028, the partnership is the first in Europe to use Starlink's second generation satellites. The announcement comes as Starlink owner SpaceX gears up for a blockbuster IPO. SpaceX's Starlink will partner with German telco giant Deutsche Telekom to launch a satellite-based mobile service in 10 European countries, the companies announced on Monday. The service will go live in 2028 and bring mobile communications to areas where network expansion is particularly challenging, including in areas with nature conservation requirements or demanding topography, Deutsche Telekom said in a statement. The launch will be the first in Europe to use Starlink's second-generation satellites, known as V2, the company said. Stephanie Bednarek, vice president of Starlink Sales, said the launch would “expand on data, voice, and messaging by providing broadband directly to mobile phones.” The satellite service will be launched in Germany, Austria, Poland, Hungary, the Czech Republi Show less Read more
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