{"id":53718,"date":"2023-04-04T20:19:14","date_gmt":"2023-04-04T12:19:14","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/yahsat-takes-significant-leo-step-investing-in-astrocast\/"},"modified":"2023-04-04T20:19:14","modified_gmt":"2023-04-04T12:19:14","slug":"yahsat-takes-significant-leo-step-investing-in-astrocast","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/yahsat-takes-significant-leo-step-investing-in-astrocast\/","title":{"rendered":"Yahsat Takes Significant LEO Step Investing in Astrocast"},"content":{"rendered":"<\/p>\n<p><strong>Thuraya<\/strong> has taken the significant step of investing in a Low-Earth Orbit (LEO) constellation for the first time. The company, which is owned by <strong>Yahsat<\/strong>, concluded a new investment agreement with <strong>Astrocast<\/strong>, a LEO and IoT network operator. The two companies announced the deal April 3. The transaction will be in the form of a convertible loan valued at $17.5 million and marks Thuraya\u2019s first investment in a LEO satellite constellation. As part of the agreement, both parties will also look to extend a technical cooperation agreement for another four years that began between Astrocast and Thuraya in 2019.<\/p>\n<p>Astrocast operates a nanosatellite IoT network with a focus on enabling low power wide area connectivity solutions across core industries including transportation &amp; logistics, oil &amp; gas, utilities, mining, forestry, agriculture, and maritime. The agreement with Astrocast aims to strengthen Thuraya\u2019s positioning in the IoT market and help expedite the execution of its strategy for satellite enabled IoT.<\/p>\n<p>\u201cWe are delighted to have this agreement with Thuraya, as we anticipate their support and expertise in guaranteeing Astrocast\u2019s success in the low-power narrowband IoT market in the future. Our partnership with Thuraya has been solid for the past four years, and their continuous support is incredibly important to us. In addition, collaborating on creating new products and applications and leveraging the Thuraya distribution network will expedite the expansion of our customer ecosystem,\u201d Fabien Jordan, CEO and founder of Astrocast, said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thuraya has taken the significant step of investing in a Low-Earth Orbit (LEO) constellation for the first time. The company, which is owned by Yahsat, concluded a new investment agreement with Astrocast, a LEO and IoT network operator. The two companies announced the deal April 3. The transaction will be in the form of a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":50727,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-53718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/53718"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=53718"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/53718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/50727"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=53718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=53718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=53718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}