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April 3 (Reuters) - Astrocast SA:
* ASTROCAST AND YAHSAT'S MOBILITY ARM THURAYA STRENGTHEN COLLABORATION THROUGH A STRATEGIC INVESTMENT IN LEO IOT
* THURAYA AGREES HEADS OF TERMS TO INVEST IN ASTROCAST THROUGH A CONVERTIBLE LOAN VALUED AT $17.5 MILLION
* TRANSACTION WILL BE IN FORM OF A CONVERTIBLE LOAN
* PARTIES WILL ALSO LOOK TO EXTEND TECHNICAL COOPERATION AGREEMENT FOR ANOTHER 4 YEARS Source text for Eikon: Further company coverage: (Gdansk Newsroom)
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