financetom
Business
financetom
/
Business
/
Telespazio teams with Musk's SpaceX for Starlink services
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Telespazio teams with Musk's SpaceX for Starlink services
Jun 6, 2024 4:43 AM

ROME, June 6 (Reuters) - Telespazio, a joint venture

between Italian defence and aerospace group Leonardo

and French peer Thales, has signed an agreement with

Elon Musk's SpaceX to commercialise the services of its

satellite unit Starlink, it said on Thursday.

SpaceX's Starlink owns around 60% of the roughly 7,500

satellites orbiting earth and is a dominant player in the

satellite internet sphere.

Its satellites in low-earth orbit are designed to provide

broadband internet services globally, particularly in areas,

such as rural ones, that are poorly served by other networks.

Under the deal, Telespazio will integrate Starlink into its

existing connectivity network, made up of satellite and

terrestrial options.

The accord "further strengthens Telespazio's portfolio in

the satcom segment, allowing it to respond to the needs of

institutions and strategic industry segments, such as the energy

and maritime sectors," said Alessandro Caranci, Telespazio's

Vice President for Satellite Communications.

Telespazio was recently fully consolidated into

state-controlled Leonardo, part of a broader push by the group

to invest in space as one of the pillars of its strategy.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2025 - www.financetom.com All Rights Reserved