Space Network Signs $50 Million Satellite Network Agreement with Philippines' HQ Company

Space Network has entered into a $50 million binding pre-order agreement with the Philippine infrastructure firm HQ Company International Holdings. The partnership aims to provide decentralized satellite communication services in the Philippines using the Freeport low-Earth orbit (LEO) satellite network. Space Network will handle network access, hardware, and software support, while HQ Company will manage local operations, spectrum licensing, and customer acquisition.