This investment may indicate SES's interest in expanding its satellite communications capabilities to include direct-to-device services, which could strengthen its position in the growing satellite market and suggests a shift towards more innovative technologies.
Strategic Investment In Emerging Satellite Technology
SES, a leading satellite operator, has made a strategic investment in Elveo Mobile, a new company formed by the merger of Lynk Global and Omnispace. Elveo Mobile aims to develop direct-to-device communications services from satellites in low Earth orbit. The investment may signal SES’s expansion into new satellite communications technologies. This development was reported by Aviation Week.
This investment may indicate SES's interest in expanding its satellite communications capabilities to include direct-to-device services, which could strengthen its position in the growing satellite market and suggests a shift towards more innovative technologies.
Strategic Investment In Emerging Satellite Technology
SES, a leading satellite operator, has made a strategic investment in Elveo Mobile, a new company formed by the merger of Lynk Global and Omnispace. Elveo Mobile aims to develop direct-to-device communications services from satellites in low Earth orbit. The investment may signal SES’s expansion into new satellite communications technologies. This development was reported by Aviation Week.