On July 10, HISPASAT Group (Hispasat) announced that it entered into an agreement with LeoSat Enterprises, Inc. (LeoSat) whereby Hispasat will make an equity investment in LeoSat. Hispasat will be joining SKY Perfect JSAT Corporation (JSAT) as a strategic investor. LeoSat is currently developing a constellation of low-Earth-orbit communications satellites with the aim of providing the first commercially available, business grade, very high-speed and secure global satellite-based data service. Financial details of the investment were not announced but, according to LeoSat, Hispasat and JSAT both purchased the same equity instrument and will have the same rights.
Read more related news in Space Business Review July 2018.
