Satellite startup E-Space<\/b> announced a deal on Monday to acquire CommAgility<\/b> from the Wireless Telecom Group, Inc. for $14.5 million. <\/p>\n
E-Space said CommAgility is the largest stand-alone developer of embedded signal processing and radio frequency (RF) modules. The company has LTE PHY\/stack source code for commercial grade 4G and 5G mobile networks, air-to-ground (ATG), and satellite communications. Its software is used on more than 50,000 terrestrial base stations and is used for ATG and commercial satellites.<\/p>\n
Wireless Telecom Group shared the terms of the deal in a press release. The purchase price is $14.5 million, including $13.75 million in cash consideration and a $750,000 note payable, subject to agreed-upon reductions. Each companies\u2019 board of directors approved the transaction. The deal is subject to regulatory approval and is expected to be completed by Jan. 31, 2023. <\/p>\n
E-Space will bring on 50 full-time CommAgility employees, including key management. The new team members are located in Europe, with some based in Leicestershire, UK and the majority based in Duisburg, Germany.<\/p>\n
\u201cWe look forward to welcoming CommAgility into Team E-Space. Their existing, proven and deep 5G code base along with their incredible team experience would have taken years to recreate. This puts us in a unique and leading position for the deployment of our space-based technologies. We will continue to invest heavily in this code base to enable 5G-Advanced and 6G technologies which will provide tremendous value to customers,\u201d committed E-Space founder and CEO Greg Wyler. <\/p>\n
E-Space is the latest space venture from Wyler, who founded both O3b Networks and OneWeb. The company, first revealed in February, plans to build a multi-application satellite constellation that could potentially reach more than 100,000 satellites, serving business and government customers. Wyler said the constellation will emphasize a sustainable space infrastructure design.<\/p>\n
E-Space said that CommAgility\u2019s custom 3GPP 5G NTN (non-terrestrial networks) source code will accelerate its goals for 5G NTN, 5G-Advanced and 6G innovation, speed its satellite payload and customer use case development and advance its space-based connectivity solutions. <\/p>\n","protected":false},"excerpt":{"rendered":"
Satellite startup E-Space announced a deal on Monday to acquire CommAgility from the Wireless Telecom Group, Inc. for $14.5 million. E-Space said CommAgility is the largest stand-alone developer of embedded signal processing and radio frequency (RF) modules. The company has LTE PHY\/stack source code for commercial grade 4G and 5G mobile networks, air-to-ground (ATG), and […]<\/p>\n","protected":false},"author":1,"featured_media":53746,"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-54313","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\/54313"}],"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=54313"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/54313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/53746"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=54313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=54313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=54313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}