Satellite broadband constellation startup LeoSat ends hunt for investors, shuts down; Thales Ka-band ITU filing at risk

by Peter B. de Selding

UPDATE NOV. 13: This story was updated to reflect Telesat's comment that it is not seeking equity investment from the future prime contractor for Telesat LEO.

PARIS — Startup satellite broadband B2B provider LeoSat has suspended operations — which in recent months has mainly consisted of looking for investors — and laid off all its staff in the wake of management and ownership changes at its two investors, Sky Perfect JSat and Hispasat.

LeoSat Chief Executive Mark Rigolle said both satellite operators have indicated that they have . . .

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