CONX acquires controlling stake in wireless carrier MobileX

In a strategic move, CONX Corporation has acquired a controlling stake in wireless carrier MobileX, according to a press release. This investment puts EchoStar Founder, CEO, and Chairman Charlie Ergen, as well as CONX CEO Jason Kiser, on MobileX's Board of Directors. The financial details of the transaction remain undisclosed. MobileX specializes in providing wireless services using artificial intelligence to tailor mobile plans for individual customers based on their usage patterns.

Plans start at just $3.88 per month, without taxes or government surcharges, and are accessible through mobile apps, online, or at over 3,700 Walmart stores and 5,000 independent dealer locations across the nation. Peter Adderton, MobileX's Founder and CEO, expressed enthusiasm about the investment, stating that it will fuel customer acquisition, expand the dealer and retail presence, enhance MobileX's AI platform, and explore global connectivity and AI-enabled wireless services.

Founded by Adderton, who once led Boost Mobile and Digital Turbine, MobileX is based in Orange County, California. CONX positions itself as a diversified entity engaged in partnerships within the communications and connectivity sectors.