Telesat stock falls after $5M investment in satellite terminal maker Farcast By Investing.com
Update: 2025-11-04
Description
Telesat, a leading satellite communications company, invests $5 million in Farcast, a San Francisco-based tech startup, to enhance its lightspeed network offerings. The partnership includes a new enterprise-class flat panel antenna user terminal, with Telesat joining Farcast's board of directors. Farcast's technology allows for simultaneous data transmission and reception through a single, compact device, potentially making Telesat's services more accessible. The collaboration, which began in 2022, aims to have fully integrated terminals ready for customers by 2027. This investment is seen as a strategic move for Telesat to stay competitive in the rapidly evolving satellite industry.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
