PARIS — CLS, a company known for its Argos satellite-tracking business for animal migrations, has given itself until the end of the year to raise upwards of 120 million euros to build its own constellation of narrowband satellites for a much broader Internet of Things (IoT) market.

Toulouse, France-based CLS, which is majority-owned by the French space agency, CNES, has signed on Thales Alenia Space as prime contractor for the Kineis network of 20 satellites, with Nexeya and Syrlinks

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