Iridium, eyeing low-cost end of IoT/M2M, enters MoU with start-up Magnitude Space

by Peter B. de Selding

PARIS — Mobile satellite services provider Iridium Communications has signed an MoU with a startup Dutch company planning a constellation of low-cost, narrowband satellites for IoT/M2M applications, whose first satellite is scheduled for launch in early 2018.

For now, Iridium’s relationship with Magnitude Space BV is full of good intentions without any commitment by either party.

But Magnitude CEO Ernst Peter Hovinga said Iridium’s L-band IoT business, catering to higher-volume, low-latency applications, matches up well with Magnitude’s low-volume, high-latency UHF . . .

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