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Big Law

Qualcomm Ends Its Satellite-to-Phone Partnership With Iridium

U.S. semiconductor giant Qualcomm ended its partnership with satellite communications company Iridium to provide satellite-to-phone services, Iridium announced on Thursday.

Iridium stock fell more than 8% in after-hours trading from its close at $37.14 a share

The company said that while the parties “successfully developed and demonstrated the technology,” smartphone makers “have not included the technology in their devices,” leading Qualcomm to end the agreement.

Read more at CNBC

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