Acquiring Company
CONX
Acquired Company
MobileX
Newport CoastHardwareSoftwareMobileArtificial IntelligenceMachine LearningTelecommunicationsDescription
Charlie Ergen's SPAC, CONX, has agreed to acquire a controlling stake in MobileX for $200 million. The deal is pending regulatory approval and values MobileX at approximately $200 million. Peter Adderton will continue as CEO of MobileX post-acquisition. This move aims to reshape the struggling wireless business under EchoStar's leadership.
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M&A Insights
Based on deal dataFrequently asked
Who acquired MobileX?
MobileX was acquired by CONX. The deal was reported on August 14, 2026. CONX is privately held.
When did CONX acquire MobileX?
CONX's acquisition of MobileX was reported on August 14, 2026. Charlie Ergen's SPAC, CONX, has agreed to acquire a controlling stake in MobileX for $200 million. The deal is pending regulatory approval and values MobileX at approximately $200 million. Peter Adderton will continue as CEO of MobileX post-acquisition. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does MobileX do?
Headquartered in Orange County, MobileX is the world's most customizable mobile carrier delivering the ultimate in choice and cost control. It is privately held, operating in Hardware, and is based in Newport Coast.