Space Network Signs $50 Million Satellite Network Agreement with Philippine HQ Company
According to official disclosures from Spacecoin, Space Network has formally signed a $50 million binding booking agreement with Philippine infrastructure company HQ Company International Holdings to provide decentralized satellite communication services to the Philippines via the Freeport Low Earth Orbit (LEO) satellite network. Yongsoo Samuel Cho, CEO of HQ Company, is the grandson-in-law of former Philippine President Fidel Ramos, bringing extensive local resources and cross-border investment experience. Under the agreement, Space Network will be responsible for providing network access, hardware, and software technical support, while HQ Company will handle local commercial operations, spectrum licensing, and customer acquisition.
