

Core Viewpoint - The recent guidance from the Ministry of Industry and Information Technology (MIIT) aims to promote the development of satellite communication services, allowing for direct satellite connectivity in areas lacking mobile network coverage, thus creating significant opportunities in the commercial space sector [1] Group 1: Industry Developments - The MIIT has issued guidelines to optimize business access and stimulate innovation in the satellite communication industry, facilitating the opening of satellite communication services [1] - Satellite communication differs from traditional mobile networks as it does not require ground base stations, utilizing high-orbit communication satellites for connectivity [1] - The Tian Tong satellite system, consisting of three satellites, provides coverage across China and Southeast Asia [1] Group 2: Company Initiatives - Starting from September 2023, China Telecom has begun offering direct satellite services for mobile phones and vehicles, with nearly 3 million users currently connected to the Tian Tong satellite [1] - The MIIT has officially granted China Unicom a license for satellite mobile communication services, with China Mobile's related business license expected to be issued soon [1] - The Tian Qi constellation, China's first low-orbit satellite IoT constellation, was completed in May 2023, offering smaller terminals and lower power consumption for broader and more cost-effective IoT services [1]