From what I read there is talk that a future iPhone 13 might provide text message capability via satellite in emergencies only. Also, if the phones still require line of sight to the satellite then they wouldn't be very useful. Current sat phones are useless indoors, in cars and in areas with heavy vegetation cover overhead, If mobile phones capable of connecting to LEO satellites still have this limitation then I don't think they would be a threat to FRX. I think they are expecting that revenue from IoT would dwarf that from traditional mobile phone talk and text traffic anyway.
FRX Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
