LeoSat secures $1B worth of commercial contracts

NOTE: This story originally appeared in the Low Down, our free weekly ebrief. Subscribe to receive our take on the latest news, enabling tech and emerging markets in the commercial space sector. Low Earth orbit broadband operator LeoSat Enterprises has secured over $1 billion in pre-launch commercial contracts. In a news release, the company said the contracts are for services spanning data and mobility sectors, with customers in finance, telecommunications,

LEO broadband gains telecom backers amid fears of disruption

Incumbent telecom satellite operators are warming to the idea of low Earth orbit (LEO) constellations delivering broadband to terrestrial customers. Two of the world’s largest satellite telecom operators have now backed LeoSat’s LEO satellite broadband initiative. On 10 July, LeoSat gained a key second investor in the midst of its Series A funding round for its proposed high throughput satellite constellation. Hispasat has joined Sky Perfect’s JSAT – representing two