Iridium (IRDM) to Acquire Satelles for Secure PNT Services

Iridium Communications (IRDM) announced the acquisition of a leading provider of secure satellite-based time and location services — Satelles. The acquisition aligns with Iridium's strategy of investing in advanced technologies that excel within its network.The satellite-based time and location service is called Satellite Time and Location (STL). This service enhances the reliability and security of timing systems for digital infrastructure such as 5G base stations and data centers, safeguarding against vul ...