Iridium's Satellite Service Gains Momentum for 2025 Global 5G NB-IoT Expansion
Portfolio Pulse from Benzinga Newsdesk
Iridium Communications Inc. (NASDAQ:IRDM) is advancing its satellite service with the acceptance of its NB-IoT for Non-Terrestrial Networks into the 3GPP Release 19 Work Plan. This development will enable Iridium's NTN Direct service to offer global 5G NB-IoT connectivity by 2025, leveraging its LEO satellite network.
September 25, 2024 | 11:05 am
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Iridium's acceptance into the 3GPP Release 19 Work Plan for NB-IoT NTN is a significant step towards launching its global 5G NB-IoT service by 2025. This positions Iridium to leverage its LEO satellite network for enhanced connectivity, potentially boosting its market position.
The acceptance of Iridium's NB-IoT for NTN into the 3GPP Release 19 Work Plan is a critical milestone, indicating industry support and regulatory progress. This development is likely to enhance Iridium's market position by enabling it to offer a unique global 5G NB-IoT service, leveraging its LEO satellite network. The anticipated launch in 2025 aligns with industry trends towards increased connectivity and IoT applications, potentially driving demand for Iridium's services.
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