Sky and Space Global secures $30M, 5-yr service contract from BeepTool of Africa

by Peter B. de Selding

PARIS — Startup nano satellite telecommunications fleet operator Sky and Space Global Ltd. (SAS) has secured a $30 million, five-year contract with Nigeria-based mobile payment and messaging app BeepTool in what SAS said was a key milestone in developing its 200-satellite network by 2020.

Under the contract, BeepTool will finance, in advance, part of the cost of end-user devices and provide a minimum usage commitment to SAS, including a security deposit for the prepayments.

The 60-month deal may be cancelled by BeepTool in the event . . .

To view the entire article, become a subscriber!

You may also like