MobileX, the most customizable wireless service designed to save consumers money, today announced a strategic investment from CONX Corporation (OTC: CNXX) ("CONX"). This investment gives CONX a controlling interest in MobileX and injects new capital to accelerate the company's next phase of growth. As part of the agreement, EchoStar Founder, CEO, and Chairman, as well as CONX Chairman Charlie Ergen and CONX CEO Jason Kiser will join the MobileX Board of Directors.
The investment will help MobileX expand its AI-powered technology platform, grow distribution, and continue its fight against the one-size-fits-all pricing that has defined the wireless industry for decades.
MobileX was built on a simple idea: customers should pay only for what they actually use. Using artificial intelligence to predict data needs and recommend personalized plans, MobileX has become one of the fastest-growing challengers to the traditional carrier model, offering fully customizable plans starting at $3.88 a month.
Related:FCC filing details Charlie Ergen's bid for MobileX "The opportunity ahead is about more than just wireless costs; it's about redefining how connectivity is delivered and what consumers should expect," said Peter Adderton, Founder and CEO of MobileX. "CONX shares this vision, and their investment gives us the capital and resources to build on our progress and compete at a much greater scale."
Read the full press release [here.](https://www.prnewswire.com/news-releases/mobilex-secures-strategic-investment-from-conx-to-fuel-next-phase-of-growth-302858731.html)
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