EchoStar Begins Construction of Global S-band Network
Rhea-AI Summary
EchoStar Corporation (NASDAQ: SATS) has announced a partnership with Astro Digital to construct a global S-band mobile satellite service network. The project aims to deliver Internet of Things (IoT) and machine-to-machine (M2M) services starting in 2024. The constellation will feature 28 satellites, equipped with advanced software-defined radios and the LoRa protocol for low-cost device connectivity. EchoStar will manage the operations from its Australian subsidiary. This initiative is part of EchoStar's broader goal to establish a global non-terrestrial 5G network, addressing the increasing demand for connectivity.
Positive
- Partnership with Astro Digital to build a global S-band MSS network.
- Operational launch of IoT and M2M services planned for 2024.
- 28 satellites equipped with advanced technology for enhanced connectivity.
- Strategic positioning in the growing 5G non-terrestrial network sector.
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, SATS gained 2.25%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Procures satellites and plans Australian operations for new Low Earth Orbit constellation to power connectivity for smart devices
"This agreement represents another step forward towards our goal of a global non-terrestrial 5G network," said
The 28 satellites in this constellation design will feature an advanced software-defined radio with onboard storage and processing to power smart two-way device connectivity. The satellites will be enabled with the LoRa® (meaning "Long Range") protocol for connecting very low-cost, long-lived devices. With support for 5G non-terrestrial network (NTN) services, the constellation will serve as a foundation for
"These new capabilities will fill a gap in the connected ecosystem, greatly expanding worldwide IoT interoperability," said
Through its subsidiary
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