Iridium to Expand its Reach as a Global Alternative PNT Service."
Here's how Iridium presents the acquisition of its partner Satelles. On September 4 March 2024, Iridium Communications, strategic partner of the company Satelles of which he already owns 20% of capital, has announced its full acquisition, to become Iridium's Satellite Time and Location business unit. Iridium buys the 80% of remaining capital for approximately 115 million dollars (¹).
With this acquisition, Iridium's ambition is to provide a PNT service (²) more robust and reliable than current GNSS networks (³). Read more …