Avanti Communications Signs Strategic Collaboration Agreement With Telesat As Part Of New Multi-Orbit Strategy
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Avanti Communications has signed a Memorandum of Understanding with Telesat (TSX:TSAT) to develop LEO services as part of Avanti's multi-orbit strategy. This collaboration aims to incorporate Telesat's Lightspeed services into Avanti's network, enhancing broadband connectivity worldwide. The partnership focuses on delivering tailored solutions to enterprise and government customers, with Telesat's Lightspeed constellation expected to be operational in 2027. The agreement also includes potential integration of Avanti's terrestrial infrastructure into the Telesat Lightspeed network.
February 21, 2024 | 9:50 pm
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Telesat (TSX:TSAT) enters a strategic collaboration with Avanti Communications to develop and integrate LEO satellite services, aiming to enhance global broadband connectivity.
The partnership with Avanti Communications represents a significant step for Telesat in expanding its global broadband services through the Lightspeed LEO satellite network. This collaboration is likely to enhance Telesat's market position and operational capabilities, potentially leading to increased investor confidence and a positive short-term impact on its stock price.
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