SES backs Elveo Mobile in direct-to-device satellite push
What's the deal? SES has made an expanded strategic investment in Elveo MobileDealroom has a profile for this one. Try Dealroom →, the company formed through the completion of the merger between Lynk Global and Omnispace. Elveo delivers direct-to-device connectivity, beaming mobile signal from satellites straight to phones, devices and machines.
Why now? SES will support Elveo's go-to-market, engineering, operations and regulatory needs, while the companies work together on global spectrum initiatives. Elveo's CEO Ramu PotarazuDealroom has a profile for this one. Try Dealroom → said the strategic investment will accelerate the company's time to market and bring its direct-to-device solutions to SES customers worldwide.
What it means: SES plans to combine Elveo's low-Earth orbit network with its own geostationary and medium-Earth orbit satellites, aiming to offer a multi-orbit direct-to-device solution for telecom, enterprise and government customers. The agreement follows SES's acquisition of IntelsatDealroom has a profile for this one. Try Dealroom →.
Read more: FinanzNachrichten.de
Image credit: NASA Goddard Space Flight Center
