Iridium to Expand its Reach as a Global Alternative PNT Service with Acquisition of Market Leader Satelles

Iridium's advanced portfolio of easily integrated assured PNT solutions will protect global industries and digital critical infrastructure

MCLEAN, Va., March 4, 2024 /CNW/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that it had entered into an agreement to acquire Satelles, Inc., the leader in highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. The service, named Satellite Time and Location (STL), is an easy-to-adopt, highly secure solution that increases the efficiency and reliability of timing systems for digital infrastructure like 5G base stations, data centers, and other critical infrastructure and protects against GNSS vulnerabilities using low-cost hardware that doesn't require outdoor antennas. This acquisition continues Iridium's philosophy of investing in differentiating technologies uniquely suited to its network that significantly outperform competing solutions.