Lynk Global, which is building a satellite-based service targeting cellular users, has abandoned its proposed merger with SLAM Corp, the ‘special purpose acquisition company’ (SPAC), which was working to mounting an IPO for the joint venture.

The JV suffered a series of legal actions between the pair.

The Slam business is headed by former baseball star Alex ‘A-Rod’ Rodriguez.

Luxembourg-based SES is a minor shareholder in Lynk.

Lynk, in a statement from CEO Ramu Potarazu says: “With the Delaware litigation resolved and the [business combination agreement] mutually terminated, Lynk is now better positioned to pursue a broader set of strategic and commercial opportunities that were previously constrained by the agreement. We remain fully focused on executing our long-term vision and, in partnership with the newly merged SES and our global MNO partners, accelerating our mission to deliver mobile connectivity to anyone, anywhere — directly from space.”

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Categories: Articles, Broadband, MNO, Mobile, Satellite

Tags: A-Rod, Lynk Global, SES, Slam Corp