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Iridium to take over GPS backup provider for $115 million

Iridium to take over GPS backup provider for $115 million

Iridium Communications announced plans March 4 to buy out Satelles, which provides an alternative to GPS via the satellite operator’s L-band network, marking the first acquisition in the 36-year-old company’s history.

Published by SpaceNews on 03/04/2024

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