MOUNTAIN VIEW, California — One of the most active and aggressive buyers of geostationary-orbit satellite capacity in recent years has undergone an epiphany and is withholding planned satellite investment in favor of riding the expected wave of non-GEO broadband satellite constellations.

It had become clear in recent months that Panasonic Avionics had sidelined its XTS, or Extremely High-Throughput, satellite payload plans, in which the aero-connectivity provider would design specific satellite payloads to ride on geo satellite operator fleets in specific regions of the world.

But the . . .

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