What Happened
Beijing Opens Satellite Communications Sector to Private Companies
China has approved a two-year commercial trial of satellite Internet of Things (IoT) services by Zhejiang Geespace Technology Co., Ltd., marking a significant step in opening the sector to private companies. The trial will provide wide-area, low-power, and reliable IoT connectivity services for various sectors, including smart transportation and energy. This development is part of China’s efforts to expand the commercial applications of satellite communications and develop its commercial space industry, as reported by an unknown source.