Iridium Communications (IRDM) Announces New D2D Direction
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Qualcomm (QCOM) terminates agreements with Iridium Communications (IRDM)
November 10, 2023 8:41 AM ESTIridium Communications (NASDAQ: IRDM) shares are down around 1% premarket Friday after the company said Qualcomm (NASDAQ: QCOM) has told the company it will terminate previous agreements they held.
Iridium had previously announced agreements with Qualcomm to enable satellite messaging and emergency services in smartphones powered by Snapdragon Mobile Platforms via Iridium's network.
While the company said they successfully developed and demonstrated the technology, smartphone manufacturers didn't include the... More
