Capital
MobileX confirms strategic investment from CONX
Image: DCD Mobile virtual network operator MobileX confirmed it received a strategic investment from CONX, the special-purpose acquisition company led by EchoStar co-founder Charlie Ergen. MobileX said the investment adds capital for its next phase of growth; financial terms were not disclosed. Ergen and CONX chief executive Jason Kiser will join MobileX's board. MobileX provides 5G plans over Verizon's network and says it sells through 5,000 wireless dealers and 3,700 Walmart stores.
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