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- Eutelsat Group (OTCPK:ETCMY) Tuesday reported the signing of a multi-year partnership that enables SoftBank Corp (OTCPK:SFTBY) to integrate Eutelsat’s OneWeb low earth orbit connectivity services into its offering.
- Eutelsat Group (OTCPK:ETCMY) will directly interconnect with SoftBank’s closed network service “SmartVPN” for additional security communications.
- The scope will initially target the Japanese market, with potential to expand to Japanese customers in other territories.
- The agreement follows the granting to SoftBank (OTCPK:SFTBY) by Japan’s Ministry of Internal Affairs and Communications of a blanket license for specific radio stations, including VSAT earth stations and mobile earth stations, while Eutelsat OneWeb was granted a gateway station license by the same ministry.
- SoftBank will mark a major milestone for its ubiquitous network initiative when it launches Eutelsat Group’s OneWeb low earth orbit (LEO) satellite connectivity services in December 2024.
- Source: Press Release
