CONX Corporation has acquired a controlling stake in MobileX, a U.S.-based mobile phone service provider, the companies announced on Monday. Financial terms of the deal were not disclosed.
MobileX operates a mobile service that uses artificial intelligence to tailor plans based on customer usage patterns. The company offers customizable plans starting at $3.88 per month, excluding taxes and government fees, and distributes services through its iOS and Android apps, its website, approximately 3,700 Walmart stores, and 5,000 independent retail points across the U.S.
CONX, a diversified entity focused on partnerships in communications and connectivity, said the investment will support MobileX’s expansion in customer acquisition, retail presence, and AI platform development. The company also plans to explore opportunities in global connectivity and AI-enabled mobile services.
Leadership changes include the appointment of Charlie Ergen, founder, CEO, and chairman of EchoStar and CONX, to MobileX’s board of directors. Jason Kiser, CONX’s CEO, and Peter Adderton, MobileX’s founder and CEO, also joined the board.
MobileX was founded by Adderton, who previously established Boost Mobile and Digital Turbine. The company operates from Orange County, California, with additional operations in Irvine, California, and Littleton, Colorado.
