NasdaqGS:IRDMTelecom
Iridium Targets IoT And PNT Growth With Satelles Deal And NTN Direct
Iridium Communications (NasdaqGS:IRDM) agreed to acquire Satelles, a provider of satellite-based positioning, navigation and timing (PNT) services that support GPS protection.
The company also introduced Iridium NTN Direct, a new service aimed at global Internet of Things (IoT) and direct to device connectivity.
Together, these moves extend Iridium's reach into satellite IoT and PNT markets beyond its existing L band satellite communications network.
For you as an investor, Iridium now sits...