Intelsat has acquired an equity stake in Kymeta. Additionally, Stephen Spengler, Intelsat's chief executive officer, has joined Kymeta's board of directors. Intelsat is committed to develop and support the innovative new technologies that will unlock new applications for satellite sector. The demand for fast, reliable broadband connectivity requires innovation in-orbit and across the entire satellite ecosystem to unlock new growth opportunities.
Intelsat believes that there partnership with Kymeta will be a real game changer. This acquisition will provide high performance and cost-effective alternative for the industry. The company looks forward to capture exciting opportunities in fast growing new vertical markets together.
This investment further solidifies the KALO bundled services offering by providing a global high-throughput network for easy-to-purchase services packages. In tandem with commercial product release of Kymeta mTennau7 and KyWayTM terminals, the relationship with Intelsat is seen as core to companies' strategy for growth.