Sky and Space Global Ltd (ASX:SAS) has signed a reseller deal with Globe Teleservices, following fruitful meetings conducted at the AfricaCom Conference two weeks ago.
Globe Teleservices is an India-based telecom services provider offering a comprehensive range of communication services, from wholesale data and voice to mobile video and VoIP in Asia and Europe.
Under the terms of the reseller MoU (memorandum of understanding), SAS and Globe Teleservices will collaborate to explore how Globe will become a key reseller of the SAS solution.
READ: Sky and Space Global begins construction of world’s first nano-satellite communications network
SAS plans to deploy a constellation of 200 nano-satellites over the equatorial belt to provide affordable voice, data, instant messaging, and IoT (internet of things) communication.
Globe Teleservices will aim to include the SAS solutions in its offering and distribute communication services based upon the SAS solutions.
“According to Research Cosmos, the Global #Nanosatellite and #Microsatellite Market will increase from USD $1,210 million in 2017 to USD $3,490 million by 2022” #NewSpace https://t.co/D404BjCwvJ
— Sky and Space Global (@SkySpaceGlobal) November 22, 2018
The signing of this MoU supports SAS’ strategy to establish a localised and international reseller network which will enable efficient provision of its connectivity solutions to equatorial locations and becoming a leading player in the satellite communication market.
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SAS managing director and CEO Meir Moalem said: “We are happy to move forward with Globe Teleservices following our meetings at Africa last month.
“This agreement further expands our commercial coverage for the Indian peninsula and the surrounding region.”