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Closing Bell

Manifest Space: Iridium & Qualcomm Partnership Dissolution with Iridium CEO Matt Desch 11/10/23

Closing Bell

CNBC

Business, News

4.4141 Ratings

🗓️ 11 November 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

After striking a partnership with satellite communications company Iridium, Qualcomm has backed out of the deal. Scrapping its SnapDragon satellite plans, Qualcomm noted in a statement that smartphone makers have “indicated a preference towards standards-based solutions” for satellite-to-phone connectivity. Iridium CEO Matt Desch joins Morgan Brennan to share his insights, the next steps for Iridium & the case for the satellite-connected smartphone market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Last January, Chipmaker Qualcomm struck a partnership with Aridium Communications to provide satellite to phone services.

0:08.0

The plan offer a satellite SOS feature for Android phones that would rival the one provided by Apple with Globalstar

0:15.2

on the latest iPhone models.

0:17.7

It's something I discussed just recently with Iridium CEO Matt Desh on this very podcast.

0:23.3

We're not really involved in that.

0:24.8

That's really all common there.

0:26.9

They're OEM.

0:27.7

So still, you know, the technology works very well and tested it's ready to go and

0:36.0

someday I expect will will be deployed except it won't at least not as this

0:41.8

specific technology within the specific partnership.

0:45.1

On Thursday, Qualcomm scrapped its Snap Dragon Satellite plan, saying in a statement,

0:49.3

smartphone makers have, quote, indicated a preference towards standards-based solutions for

0:55.1

satellite to phone connectivity. In an exclusive interview today

0:59.1

Iridium's Dash rejoined me to share his insights and reiterate that this won't change financial guidance for the company.

1:06.0

Smartphone providers, well at least Android ones, didn't want to really pay much extra for a satellite access and didn't want to be locked into a single chip provider or a single satellite provider for that matter.

1:22.0

But you know that's understandable but it really

1:25.8

means that the market for saving lives and providing access to remote you know off

1:32.4

the grid is really being left open kind of to Apple

1:36.8

primarily today. On this episode we discuss next steps for Iridium and why the

1:42.4

nascent market for satellite-connected

1:44.4

smartphones is still so promising. I'm working Brennan and this is

1:49.2

manifest space. base.

...

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