Spacecoin has signed an exclusive memorandum of understanding with DETI Technology to deploy decentralized satellite telecom services in Vietnam. The partnership, announced without a specific timeline for commercial launch, targets at least $100 million in annual revenue once the system is operational.
An exclusive deal for Vietnam
The MOU gives Spacecoin and DETI Technology a framework to work together on bringing satellite-based connectivity to the Vietnamese market. The exclusivity clause means the two companies will not seek similar partnerships with other firms in the country while this agreement is in place. Decentralized satellite telecoms rely on a network of satellites to provide communication services without the need for centralized ground infrastructure, potentially reaching areas where traditional cell towers are not viable.
A $100 million revenue target
The companies have set a clear financial benchmark: at least $100 million in annual revenue once the service is live. That figure suggests the partnership is aiming for significant commercial scale rather than a small pilot. The revenue target would likely depend on how many users or businesses sign up for the decentralized satellite connections, as well as the pricing model – details that were not disclosed in the MOU.
No launch date yet
The MOU does not specify when the system will begin commercial operations. Partnerships at this stage often require months or years of technical integration, regulatory approvals, and investment before any service goes live. For Vietnam, a country with a growing digital economy but still some underserved rural areas, decentralized satellite telecoms could be a way to bridge connectivity gaps. But the agreement is just a first step; the real work of building and launching the network still lies ahead.
What comes next
Spacecoin and DETI Technology will now move to negotiate the technical details of the satellite deployment, including spectrum use, ground station locations, and the specific services to be offered. The two companies will also need to secure any necessary licenses from Vietnamese authorities. The next milestone will be a binding commercial agreement that replaces the MOU, though no deadline for that has been announced.
