Watching Iridium Communications; Traders Circulate 'Samsung Pushes Boundaries With Satellite Connectivity' NOTE: Samsung Signed A Deal With Satellite Operator Iridium In Early 2023
Portfolio Pulse from Benzinga Newsdesk
Samsung has signed a deal with Iridium Communications to bring satellite connectivity to its Galaxy S23 smartphone series, highlighting its commitment to space-based communication. This move positions Samsung ahead in the competitive race with Apple and Huawei to provide reliable 5G connectivity from space.
July 17, 2024 | 7:03 pm
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Iridium Communications has partnered with Samsung to provide satellite connectivity for the Galaxy S23 series, indicating a significant step in space-based communication technology.
The partnership with Samsung, a major player in the smartphone market, is likely to boost Iridium's visibility and credibility in the space-based communication sector. This could lead to increased investor interest and a positive short-term impact on Iridium's stock price.
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