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Telecommunications & Media

Starlink subscriber growth misses expectations but business and government revenue jumps 91 percent

SpaceX\'s satellite internet service Starlink fell short of market expectations for consumer subscriber growth, with 13.6 million consumers as of end-September. Monthly revenue per consumer subscriber rose 5 percent from the prior quarter. Business and government revenue surged 91 percent year on year to $2.1 billion. SpaceX said Starlink equipment was installed on 3,800 aircraft. The company is also moving faster into the mobile communications market through a low-band spectrum deal.

Telecommunications & Media

European telecoms seek independent satellite network to counter Starlink

Major European mobile operators are moving to jointly build satellite communications services to counter Starlink, operated by Elon Musk\'s SpaceX. Deutsche Telekom, Orange, Telefonica and Vodafone have signed a letter of intent to consider a joint bid for European MSS spectrum. The plan focuses on direct-to-device services linking smartphones to satellites for coverage in remote areas and disaster sites, while partners would supply satellites.

Crypto

Tokenised stock trading platform cannot guarantee prices or trade disclosures, notices show

Major U.S.-listed companies have moved to block a tokenised stock trading platform being prepared by crypto exchange OKX and Intercontinental Exchange, according to a blockchain media report. Verizon, Broadcom and UnitedHealth Group were among nine companies objecting to their shares being traded on the platform. The notices did not specify reasons or whether objections would lead to delisting. The platform is not a registered SEC exchange and is not subject to Regulation NMS, with trading and smart-contract upgrades also constrained by rules in the notices.