Iridium (IRDM) Boosts Portfolio With Satelles Acquisition

Iridium Communications (IRDM) has recently closed the acquisition of Satelles, Inc., which is a leading provider of secure satellite-based time and location (STL) services. The buyout has enhanced Iridium’s solution portfolio with advanced STL services, which is now referred to as Iridium STL.STL emerges as an important service in areas where Global Positioning System (GPS) or Global Navigation Satellite System (GNSS) signals are unable to reach. It works on signals relayed by a constellation of Low Earth o ...